Looking to diversify beyond SPCI? The ETFs below have the lowest correlation with SPCI — 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 SPCI.
Best Diversifiers for SPCI
3 ETFs have low correlation with SPCI (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax GOOGL Option Income Strategy ETF (GOOY) (Derivative Income) with a 1Y correlation of 0.23, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax GOOGL Option Income Strategy ETF | 0.23 | 0.23 | 0.23 | 93 | Derivative Income | SPCI vs GOOY | |
| FT Vest High Yield & Target Income ETF | 0.27 | — | — | 61 | Derivative Income | SPCI vs HYTI | |
| Main Buywrite ETF | 0.28 | 0.28 | — | 81 | Derivative Income | SPCI vs BUYW | |
| YieldMax TSM Option Income Strategy ETF | 0.34 | — | — | 85 | Derivative Income | SPCI vs TSMY | |
| Global X NASDAQ 100 Covered Call ETF | 0.39 | 0.39 | 0.39 | 92 | Nasdaq-100, Derivative Income | SPCI vs QYLD |
See all 8 diversifiers for SPCI
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