Looking to diversify beyond SLVR? The ETFs below have the lowest correlation with SLVR — 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 SLVR.
Best Diversifiers for SLVR
713 ETFs have low correlation with SLVR (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.15 | -0.15 | 63 | Leveraged Currency | SLVR vs YCS | |
| Invesco DB Energy Fund | -0.12 | — | — | 71 | Oil & Gas | SLVR vs DBE | |
| United States Oil Fund LP | -0.11 | — | — | 66 | Oil & Gas | SLVR vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.11 | -0.05 | -0.05 | 56 | Derivative Income | SLVR vs USOY | |
| US Treasury 3 Month Bill ETF | -0.10 | -0.10 | -0.10 | 100 | Ultrashort Bond | SLVR vs TBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLVR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLVR and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of 0.67, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.67 | 0.65 | 0.65 | 71 | Financial Services | |
| Sprott Physical Silver Trust | 0.84 | — | — | 80 | Financial Services |
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