Looking to diversify beyond SPBW? The ETFs below have the lowest correlation with SPBW — 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 SPBW.
Best Diversifiers for SPBW
187 ETFs have low correlation with SPBW (below 0.3), 39 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.12 | -0.12 | 71 | Oil & Gas | SPBW vs DBE | |
| United States Brent Oil Fund LP | -0.31 | — | — | 65 | Oil & Gas | SPBW vs BNO | |
| Invesco DB Oil Fund | -0.27 | -0.07 | -0.07 | 65 | Oil & Gas | SPBW vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.04 | -0.04 | 71 | Commodities | SPBW vs GSG | |
| iShares Commodities Select Strategy ETF | -0.23 | — | — | 71 | Commodities | SPBW vs COMT |
See all 1155 diversifiers for SPBW
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