Looking to diversify beyond SPAB? The ETFs below have the lowest correlation with SPAB — 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 SPAB.
Best Diversifiers for SPAB
590 ETFs have low correlation with SPAB (below 0.3), 78 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.46 | -0.41 | -0.37 | 51 | Currency | SPAB vs UUP | |
| ProShares UltraShort Yen | -0.44 | -0.46 | -0.50 | 72 | Leveraged Currency | SPAB vs YCS | |
| United States Gasoline Fund LP | -0.43 | -0.22 | -0.14 | 78 | Oil & Gas | SPAB vs UGA | |
| Invesco DB Energy Fund | -0.42 | -0.23 | -0.16 | 53 | Oil & Gas | SPAB vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.38 | -0.18 | -0.11 | 51 | Commodities | SPAB vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPAB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPAB and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.00, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.00 | 0.07 | 0.11 | 53 | Industrials | |
| Rocket Lab USA, Inc. | 0.09 | 0.12 | — | 77 | Industrials | |
| Amazon.com, Inc | 0.22 | 0.13 | 0.15 | 54 | Consumer Cyclical |
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