Looking to balance out your exposure to SPCB? The ETFs below have historically moved differently from SPCB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SPCB
2 ETFs have low correlation with SPCB (below 0.3), 1 of which are negatively correlated. The least correlated is iShares U.S. Insurance ETF (IAK) (Financials Equities) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Insurance ETF | -0.10 | -0.08 | -0.01 | 54 | Financials Equities | SPCB vs IAK | |
| Vanguard High Dividend Yield ETF | 0.21 | 0.10 | 0.11 | 92 | Dividend | SPCB vs VYM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPCB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.17, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.17 | 0.08 | 0.13 | 96 | Communication Services | |
| Kinross Gold Corporation | 0.25 | 0.11 | 0.10 | 69 | Basic Materials | |
| SkyWater Technology, Inc. | 0.31 | 0.16 | 0.18 | 96 | Technology |
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