Looking to diversify beyond SPBO? The ETFs below have the lowest correlation with SPBO — 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 SPBO.
Best Diversifiers for SPBO
339 ETFs have low correlation with SPBO (below 0.3), 74 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.45 | -0.46 | 72 | Leveraged Currency | SPBO vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.46 | -0.41 | -0.38 | 51 | Currency | SPBO vs UUP | |
| Invesco DB Energy Fund | -0.41 | -0.21 | -0.13 | 53 | Oil & Gas | SPBO vs DBE | |
| United States Gasoline Fund LP | -0.40 | -0.20 | -0.12 | 78 | Oil & Gas | SPBO vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.36 | -0.15 | -0.08 | 51 | Commodities | SPBO vs GSG |
See all 1554 diversifiers for SPBO
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