Looking to diversify beyond SLYG? The ETFs below have the lowest correlation with SLYG — 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 SLYG.
Best Diversifiers for SLYG
192 ETFs have low correlation with SLYG (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.09 | -0.05 | 61 | Leveraged Currency | SLYG vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.21 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | SLYG vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | SLYG vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | 0.00 | 0.00 | 99 | Ultrashort Bond | SLYG vs CSHP | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | 0.03 | 0.03 | 95 | Inflation-Protected Bonds | SLYG vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLYG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLYG and solid risk/return profiles. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.40, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.40 | 0.41 | 0.46 | 69 | Financial Services |
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