Looking to diversify beyond SLVP? The ETFs below have historically moved differently from SLVP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SLVP
525 ETFs have low correlation with SLVP (below 0.3), 66 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.33 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SLVP vs SBIT | |
| ProShares Short Bitcoin ETF | -0.33 | -0.19 | — | 61 | Cryptocurrency | SLVP vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 61 | Inverse Equities, Leveraged Equities | SLVP vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | — | — | 75 | Derivative Income | SLVP vs WNTR | |
| Invesco DB Energy Fund | -0.21 | 0.01 | 0.11 | 72 | Oil & Gas | SLVP vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SLVP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.14, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.14 | 0.06 | 0.16 | 76 | Energy | |
| ConocoPhillips Company | -0.14 | 0.03 | 0.15 | 72 | Energy | |
| Enterprise Products Partners L.P. | -0.13 | 0.07 | 0.19 | 89 | Energy | |
| Chubb Limited | -0.13 | -0.01 | 0.05 | 89 | Financial Services | |
| Altria Group, Inc. | -0.13 | 0.02 | 0.09 | 66 | Consumer Defensive |
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