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
1564 ETFs have low correlation with SDS (below 0.3), 1505 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 | 54 | Leveraged Equities, S&P 500 | SDS vs SSO | |
| ProShares UltraPro S&P 500 | -1.00 | -1.00 | -1.00 | 51 | Leveraged Equities, S&P 500 | SDS vs UPRO | |
| Direxion Daily S&P 500 Bull 3X ETF | -1.00 | -1.00 | -1.00 | 52 | Leveraged Equities, S&P 500 | SDS vs SPXL | |
| State Street SPDR Portfolio S&P 500 ETF | -1.00 | -1.00 | -1.00 | 66 | S&P 500 | SDS vs SPYM | |
| State Street SPDR S&P 500 ETF | -1.00 | -1.00 | -1.00 | 65 | S&P 500 | SDS vs SPY |
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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 -0.63, roughly unchanged from -0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Barclays PLC | -0.63 | -0.52 | -0.53 | 84 | Financial Services | |
| Monolithic Power Systems, Inc. | -0.59 | -0.65 | -0.68 | 85 | Technology | |
| Amkor Technology, Inc. | -0.57 | -0.62 | -0.65 | 94 | Technology | |
| APi Group Corporation | -0.55 | -0.57 | -0.64 | 63 | Industrials | |
| Citigroup Inc. | -0.54 | -0.52 | -0.56 | 86 | Financial Services |
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Build a portfolio that complements SDS
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