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
426 ETFs have low correlation with SPBO (below 0.3), 79 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.45 | -0.46 | 61 | Leveraged Currency | SPBO vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.43 | — | — | 56 | Derivative Income | SPBO vs USOY | |
| Invesco DB Energy Fund | -0.42 | -0.20 | -0.13 | 71 | Oil & Gas | SPBO vs DBE | |
| United States Brent Oil Fund LP | -0.42 | -0.20 | -0.14 | 65 | Oil & Gas | SPBO vs BNO | |
| United States Oil Fund LP | -0.41 | -0.20 | -0.13 | 66 | Oil & Gas | SPBO vs USO |
See all 1600 diversifiers for SPBO
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