Looking to diversify beyond SPBC? The ETFs below have the lowest correlation with SPBC — 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 SPBC.
Best Diversifiers for SPBC
274 ETFs have low correlation with SPBC (below 0.3), 64 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.07 | 0.09 | 71 | Oil & Gas | SPBC vs DBE | |
| United States Oil Fund LP | -0.29 | -0.06 | 0.08 | 66 | Oil & Gas | SPBC vs USO | |
| United States Brent Oil Fund LP | -0.27 | -0.06 | 0.09 | 65 | Oil & Gas | SPBC vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | — | — | 56 | Derivative Income | SPBC vs USOY | |
| United States Gasoline Fund LP | -0.25 | -0.05 | 0.09 | 69 | Oil & Gas | SPBC vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPBC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPBC and solid risk/return profiles. The least correlated is Riot Blockchain, Inc. (RIOT) (Technology) with a 1Y correlation of 0.62, roughly unchanged from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Riot Blockchain, Inc. | 0.62 | 0.63 | 0.66 | 86 | Technology |
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