Looking to diversify beyond SPAQ? The ETFs below have the lowest correlation with SPAQ — 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 SPAQ.
Best Diversifiers for SPAQ
1154 ETFs have low correlation with SPAQ (below 0.3), 394 of which are negatively correlated. The least correlated is First Trust Alternative Absolute Return Strategy ETF (FAAR) (Commodities) with a 1Y correlation of -0.14, down from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Alternative Absolute Return Strategy E... | -0.14 | -0.02 | — | 69 | Commodities | SPAQ vs FAAR | |
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.13 | -0.06 | — | 58 | Commodities | SPAQ vs BCD | |
| Arrow Reserve Capital Management ETF | -0.12 | -0.04 | — | 99 | Ultrashort Bond | SPAQ vs ARCM | |
| Janus Henderson Emerging Markets Debt Hard Currenc... | -0.12 | -0.04 | -0.04 | 51 | Emerging Markets Bonds | SPAQ vs JEMB | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.12 | -0.05 | — | 78 | Commodities | SPAQ vs FTGC |
See all 1154 diversifiers for SPAQ
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