Looking to diversify beyond SLVP? The ETFs below have the lowest correlation with SLVP — 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 SLVP.
Best Diversifiers for SLVP
451 ETFs have low correlation with SLVP (below 0.3), 39 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.42 | -0.46 | 51 | Currency | SLVP vs UUP | |
| ProShares Short Bitcoin ETF | -0.31 | -0.18 | -0.22 | 57 | Cryptocurrency | SLVP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.22 | -0.22 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SLVP vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 68 | Inverse Equities, Leveraged Equities | SLVP vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | — | — | 70 | Derivative Income | SLVP vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLVP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLVP and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.12, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.12 | 0.08 | 0.18 | 72 | Energy | |
| ConocoPhillips Company | -0.11 | 0.05 | 0.16 | 66 | Energy | |
| SM Energy Company | -0.10 | 0.08 | 0.17 | 51 | Energy | |
| Chubb Limited | -0.09 | -0.02 | 0.05 | 86 | Financial Services | |
| Enterprise Products Partners L.P. | -0.09 | 0.09 | 0.20 | 87 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SLVP
Add SLVP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SLVP