Looking to diversify beyond SLYV? The ETFs below have historically moved differently from SLYV, 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 SLYV
277 ETFs have low correlation with SLYV (below 0.3), 51 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | SLYV vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.32 | -0.31 | — | 61 | Cryptocurrency | SLYV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SLYV vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.30 | -0.12 | — | 56 | Options Trading | SLYV vs CAOS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 75 | Derivative Income | SLYV vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SLYV, 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 Pathward Financial, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.55, down from 0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pathward Financial, Inc. | 0.55 | 0.63 | 0.68 | 61 | Financial Services | |
| Revvity Inc. | 0.59 | 0.58 | 0.53 | 66 | Healthcare |
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