Looking to diversify beyond SYLD? The ETFs below have the lowest correlation with SYLD — 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 SYLD.
Best Diversifiers for SYLD
429 ETFs have low correlation with SYLD (below 0.3), 36 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.29 | -0.29 | -0.29 | 99 | Leveraged Equities, Semiconductors | SYLD vs MUU | |
| ProShares Short Bitcoin ETF | -0.25 | -0.28 | -0.32 | 57 | Cryptocurrency | SYLD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SYLD vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | — | — | 68 | Inverse Equities, Leveraged Equities | SYLD vs MSTZ | |
| Invesco DB US Dollar Index Bullish Fund | -0.20 | -0.21 | -0.28 | 51 | Currency | SYLD vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SYLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SYLD and solid risk/return profiles. The least correlated is Black Stone Minerals, L.P. (BSM) (Energy) with a 1Y correlation of 0.15, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Black Stone Minerals, L.P. | 0.15 | 0.33 | 0.41 | 68 | Energy | |
| Energy Transfer LP | 0.15 | 0.39 | 0.50 | 84 | Energy |
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