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
413 ETFs have low correlation with SLVP (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.20 | -0.27 | 61 | Leveraged Currency | SLVP vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | SLVP vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.08 | 0.02 | 0.02 | 99 | Ultrashort Bond | SLVP vs CSHP | |
| TCW AAA CLO ETF | -0.07 | — | — | 99 | CLO | SLVP vs ACLO | |
| Brookstone Ultra-Short Bond ETF | -0.07 | — | — | 98 | Ultrashort Bond | SLVP vs BAMU |
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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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.10 | 0.06 | 0.17 | 61 | Energy | |
| Enterprise Products Partners L.P. | -0.09 | 0.10 | 0.20 | 82 | Energy | |
| Energy Transfer LP | -0.07 | 0.13 | 0.20 | 67 | Energy | |
| Altria Group, Inc. | -0.07 | 0.04 | 0.11 | 70 | Consumer Defensive | |
| Chubb Limited | -0.06 | -0.00 | 0.06 | 68 | Financial Services |
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