Looking to diversify beyond SPAB? The ETFs below have historically moved differently from SPAB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SPAB
581 ETFs have low correlation with SPAB (below 0.3), 104 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.46, down from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.46 | -0.25 | -0.16 | 72 | Oil & Gas | SPAB vs DBE | |
| Invesco DB Oil Fund | -0.45 | -0.24 | -0.16 | 58 | Oil & Gas | SPAB vs DBO | |
| United States Brent Oil Fund LP | -0.45 | -0.24 | -0.16 | 52 | Oil & Gas | SPAB vs BNO | |
| United States Oil Fund LP | -0.45 | -0.24 | -0.16 | 55 | Oil & Gas | SPAB vs USO | |
| ProShares UltraShort Yen | -0.42 | -0.47 | -0.50 | 56 | Leveraged Currency | SPAB vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPAB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.10, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.10 | 0.16 | 0.13 | 53 | Financial Services | |
| Rocket Lab USA, Inc. | 0.13 | 0.11 | — | 62 | Industrials | |
| Amazon.com, Inc | 0.24 | 0.12 | 0.15 | 60 | Consumer Cyclical |
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