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
398 ETFs have low correlation with SYLD (below 0.3), 51 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.14, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SYLD vs USFR | |
| ProShares UltraShort Yen | -0.11 | -0.05 | -0.01 | 63 | Leveraged Currency | SYLD vs YCS | |
| Vanguard Ultra-Short Treasury ETF | -0.10 | -0.15 | -0.15 | 100 | Ultrashort Bond | SYLD vs VGUS | |
| United States Oil Fund LP | -0.10 | 0.13 | 0.24 | 66 | Oil & Gas | SYLD vs USO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | 0.03 | 0.03 | 100 | Ultrashort Bond | SYLD vs CSHP |
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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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.16, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.16 | 0.40 | 0.51 | 73 | Energy | |
| Black Stone Minerals, L.P. | 0.18 | 0.35 | 0.43 | 53 | Energy |
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