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
328 ETFs have low correlation with SYLD (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.15, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.15 | -0.07 | -0.01 | 63 | Leveraged Currency | SYLD vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SYLD vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | SYLD vs CSHP | |
| Horizon Landmark ETF | -0.09 | — | — | 98 | Ultrashort Bond | SYLD vs BENJ | |
| Vanguard Ultra-Short Treasury ETF | -0.08 | — | — | 99 | Ultrashort Bond, Government Bonds | SYLD vs VGUS |
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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 0.14, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.14 | 0.39 | 0.51 | 72 | Energy | |
| Black Stone Minerals, L.P. | 0.16 | 0.34 | 0.42 | 67 | Energy |
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