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
977 ETFs have low correlation with SLVO (below 0.3), 40 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TCW AAA CLO ETF | -0.17 | — | — | 99 | CLO | SLVO vs ACLO | |
| US Treasury 3 Month Bill ETF | -0.11 | -0.08 | -0.08 | 100 | Ultrashort Bond | SLVO vs TBIL | |
| United States Brent Oil Fund LP | -0.10 | — | — | 65 | Oil & Gas | SLVO vs BNO | |
| United States Oil Fund LP | -0.10 | — | — | 66 | Oil & Gas | SLVO vs USO | |
| Invesco DB Energy Fund | -0.10 | — | — | 71 | Oil & Gas | SLVO vs DBE |
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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 0.02, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.02 | 0.03 | 0.03 | 95 | Financial Services | |
| Capital Southwest Corporation | 0.10 | — | — | 78 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.11 | 0.02 | 0.02 | 88 | Financial Services | |
| Trinity Capital Inc. | 0.13 | — | — | 83 | Financial Services | |
| Brookfield Renewable Corporation | 0.14 | — | — | 72 | Utilities |
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