Looking to balance out your exposure to SPCE? The ETFs below have the lowest correlation with SPCE — they tend to move on their own, which can help reduce risk when SPCE drops. The stock ideas table highlights individual companies that behave independently from SPCE.
Best Diversifiers for SPCE
0 ETFs have low correlation with SPCE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.32, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.32 | 0.37 | 0.44 | 66 | S&P 500 | SPCE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.37 | 0.44 | 66 | S&P 500 | SPCE vs SPY | |
| iShares Core S&P 500 ETF | 0.33 | 0.37 | 0.44 | 66 | S&P 500 | SPCE vs IVV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPCE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPCE and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.09 | -0.00 | 0.06 | 71 | Consumer Defensive | |
| Kimco Realty Corporation | 0.02 | 0.21 | 0.29 | 76 | Real Estate | |
| Target Corporation | 0.07 | 0.23 | 0.29 | 75 | Consumer Defensive | |
| Apple Inc | 0.11 | 0.17 | 0.28 | 91 | Technology | |
| Intel Corporation | 0.15 | 0.27 | 0.33 | 98 | Technology |
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