Looking to balance out your exposure to SPB? The ETFs below have the lowest correlation with SPB — they tend to move on their own, which can help reduce risk when SPB drops. The stock ideas table highlights individual companies that behave independently from SPB.
Best Diversifiers for SPB
0 ETFs have low correlation with SPB (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.35, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.35 | 0.38 | 0.47 | 60 | S&P 500 | SPB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPB and solid risk/return profiles. The least correlated is The Scotts Miracle-Gro Company (SMG) (Basic Materials) with a 1Y correlation of 0.46, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Scotts Miracle-Gro Company | 0.46 | 0.45 | 0.48 | 52 | Basic Materials |
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