Looking to diversify beyond VSHY? The ETFs below have the lowest correlation with VSHY — 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 VSHY.
Best Diversifiers for VSHY
120 ETFs have low correlation with VSHY (below 0.3), 17 of which are negatively correlated. The least correlated is iShares Enhanced Short-Term Bond Active ETF (CSHP) (Ultrashort Bond) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | 0.01 | 0.01 | 99 | Ultrashort Bond | VSHY vs CSHP | |
| Fidelity Managed Futures ETF | -0.12 | -0.10 | -0.10 | 64 | Systematic Trend | VSHY vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.12 | -0.02 | -0.02 | 70 | Commodities | VSHY vs FAAR | |
| TCW AAA CLO ETF | -0.11 | 0.01 | 0.01 | 99 | CLO | VSHY vs ACLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | — | — | 100 | Ultrashort Bond | VSHY vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VSHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VSHY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.31 | — | — | 69 | Financial Services |
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