Looking to balance out your exposure to SPCB? The ETFs below have the lowest correlation with SPCB — they tend to move on their own, which can help reduce risk when SPCB drops. The stock ideas table highlights individual companies that behave independently from SPCB.
Best Diversifiers for SPCB
1 ETFs have low correlation with SPCB (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard High Dividend Yield ETF (VYM) (Dividend) with a 1Y correlation of 0.21, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High Dividend Yield ETF | 0.21 | 0.10 | 0.10 | 77 | Dividend | SPCB vs VYM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPCB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPCB and solid risk/return profiles. The least correlated is Kinross Gold Corporation (KGC) (Basic Materials) with a 1Y correlation of 0.13, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinross Gold Corporation | 0.13 | 0.08 | 0.08 | 79 | Basic Materials | |
| Alphabet Inc. Class A | 0.18 | 0.09 | 0.13 | 96 | Communication Services | |
| BigBear.ai Holdings, Inc. | 0.27 | 0.15 | — | 52 | Technology | |
| SkyWater Technology, Inc. | 0.28 | 0.16 | 0.18 | 95 | Technology |
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