Looking to balance out your exposure to SPCE? The ETFs below have historically moved differently from SPCE, 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 SPCE
0 ETFs have low correlation with SPCE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.34, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.34 | 0.38 | 0.44 | 67 | S&P 500 | SPCE vs SPY | |
| Vanguard S&P 500 ETF | 0.35 | 0.37 | 0.44 | 68 | S&P 500 | SPCE vs VOO | |
| iShares Core S&P 500 ETF | 0.35 | 0.37 | 0.44 | 67 | S&P 500 | SPCE vs IVV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPCE, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | -0.01 | 0.05 | 62 | Consumer Defensive | |
| Kimco Realty Corporation | 0.01 | 0.20 | 0.29 | 80 | Real Estate | |
| Target Corporation | 0.07 | 0.23 | 0.29 | 84 | Consumer Defensive | |
| Apple Inc | 0.11 | 0.13 | 0.25 | 89 | Technology | |
| Intel Corporation | 0.16 | 0.27 | 0.33 | 98 | Technology |
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