Looking to balance out your exposure to SPCX? The ETFs below have the lowest correlation with SPCX — they tend to move on their own, which can help reduce risk when SPCX drops. The stock ideas table highlights individual companies that behave independently from SPCX.
Best Diversifiers for SPCX
2 ETFs have low correlation with SPCX (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 0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High Dividend Yield ETF | 0.01 | 0.01 | 0.01 | 85 | Dividend | SPCX vs VYM | |
| Invesco NASDAQ 100 ETF | 0.27 | 0.27 | 0.27 | 54 | Nasdaq-100 | SPCX vs QQQM | |
| Vanguard Total International Stock ETF | 0.33 | 0.33 | 0.33 | 56 | Global Equities | SPCX vs VXUS |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPCX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPCX and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.27, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.27 | -0.27 | -0.27 | 61 | Communication Services | |
| AAR Corp. | -0.01 | -0.01 | -0.01 | 88 | Industrials | |
| Ciena Corporation | 0.03 | 0.03 | 0.03 | 98 | Technology | |
| Nokia Corporation | 0.05 | 0.05 | 0.05 | 90 | Technology | |
| Applied Optoelectronics, Inc. | 0.11 | 0.11 | 0.11 | 89 | Technology |
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