Looking to diversify beyond SLYV? The ETFs below have the lowest correlation with SLYV — 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 SLYV.
Best Diversifiers for SLYV
250 ETFs have low correlation with SLYV (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.31 | -0.35 | 57 | Cryptocurrency | SLYV vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | -0.32 | -0.32 | 68 | Inverse Equities, Leveraged Equities | SLYV vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SLYV vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 70 | Derivative Income | SLYV vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.27 | -0.26 | -0.30 | 51 | Currency | SLYV vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLYV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLYV and solid risk/return profiles. The least correlated is Meta Financial Group, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.55, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Meta Financial Group, Inc. | 0.55 | 0.63 | 0.68 | 55 | Financial Services | |
| Revvity Inc. | 0.61 | 0.58 | 0.53 | 52 | Healthcare |
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