Looking to diversify beyond SDS? The ETFs below have the lowest correlation with SDS — 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 SDS.
Best Diversifiers for SDS
1458 ETFs have low correlation with SDS (below 0.3), 1431 of which are negatively correlated. The least correlated is ProShares Ultra S&P500 (SSO) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra S&P500 | -1.00 | -1.00 | -1.00 | 50 | Leveraged Equities, S&P 500 | SDS vs SSO | |
| State Street SPDR S&P 500 ETF | -1.00 | -1.00 | -1.00 | 59 | S&P 500 | SDS vs SPY | |
| State Street SPDR Portfolio S&P 500 ETF | -1.00 | -1.00 | -1.00 | 59 | S&P 500 | SDS vs SPYM | |
| Vanguard S&P 500 ETF | -1.00 | -1.00 | -1.00 | 59 | S&P 500 | SDS vs VOO | |
| iShares Core S&P 500 ETF | -1.00 | -1.00 | -1.00 | 59 | S&P 500 | SDS vs IVV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SDS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SDS and solid risk/return profiles. The least correlated is Barclays PLC (BCS) (Financial Services) with a 1Y correlation of -0.64, down from -0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Barclays PLC | -0.64 | -0.52 | -0.53 | 83 | Financial Services | |
| Monolithic Power Systems, Inc. | -0.56 | -0.65 | -0.68 | 88 | Technology | |
| Citigroup Inc. | -0.55 | -0.52 | -0.55 | 94 | Financial Services | |
| APi Group Corporation | -0.52 | -0.57 | -0.64 | 66 | Industrials | |
| VSE Corporation | -0.49 | -0.49 | -0.51 | 72 | Industrials |
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Build a portfolio that complements SDS
Add SDS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SDS