Looking to diversify beyond SYLD? The ETFs below have historically moved differently from SYLD, 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 SYLD
550 ETFs have low correlation with SYLD (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.24, roughly unchanged from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.24 | -0.28 | — | 51 | Cryptocurrency | SYLD vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.20 | — | — | 69 | Derivative Income | SYLD vs WNTR | |
| Invesco DB Energy Fund | -0.12 | 0.08 | 0.23 | 66 | Oil & Gas | SYLD vs DBE | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | 0.01 | 0.01 | 98 | Ultrashort Bond | SYLD vs CSHP | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.10 | -0.08 | -0.00 | 51 | Nontraditional Bonds | SYLD vs RISR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SYLD, 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 Black Stone Minerals, L.P. (BSM) (Energy) with a 1Y correlation of 0.14, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Black Stone Minerals, L.P. | 0.14 | 0.32 | 0.40 | 81 | Energy | |
| Energy Transfer LP | 0.16 | 0.38 | 0.49 | 82 | Energy |
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