Looking to diversify beyond SLVO? The ETFs below have the lowest correlation with SLVO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SLVO.
Best Diversifiers for SLVO
561 ETFs have low correlation with SLVO (below 0.3), 43 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.38, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.38 | -0.35 | -0.35 | 51 | Currency | SLVO vs UUP | |
| ProShares Short Bitcoin ETF | -0.30 | -0.23 | -0.23 | 57 | Cryptocurrency | SLVO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | -0.23 | -0.23 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SLVO vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 68 | Inverse Equities, Leveraged Equities | SLVO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 70 | Derivative Income | SLVO vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLVO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLVO and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of 0.03, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.03 | 0.03 | 0.03 | 96 | Financial Services | |
| Agree Realty Corporation | 0.04 | 0.01 | 0.01 | 70 | Real Estate | |
| Realty Income Corporation | 0.08 | — | — | 74 | Real Estate | |
| Eli Lilly and Company | 0.09 | — | — | 80 | Healthcare | |
| Capital Southwest Corporation | 0.09 | 0.14 | 0.14 | 66 | Financial Services |
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