Looking to diversify beyond SLYG? The ETFs below have historically moved differently from SLYG, 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 SLYG
257 ETFs have low correlation with SLYG (below 0.3), 79 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.36 | — | 61 | Cryptocurrency | SLYG vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | SLYG vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SLYG vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 75 | Derivative Income | SLYG vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.12 | — | 56 | Options Trading | SLYG vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SLYG, 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 CACI International Inc (CACI) (Technology) with a 1Y correlation of 0.17, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CACI International Inc | 0.17 | 0.33 | 0.37 | 51 | Technology | |
| Cohen & Steers Infrastructure Fund, Inc | 0.35 | 0.41 | 0.46 | 74 | Financial Services |
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