Looking to diversify beyond SPD? The ETFs below have historically moved differently from SPD, 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 SPD
304 ETFs have low correlation with SPD (below 0.3), 72 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, down from -0.37 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.37 | — | 51 | Cryptocurrency | SPD vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 69 | Derivative Income | SPD vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.08 | 0.04 | 66 | Oil & Gas | SPD vs DBE | |
| Invesco DB Oil Fund | -0.23 | -0.05 | 0.05 | 51 | Oil & Gas | SPD vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | -0.07 | -0.07 | 98 | Inflation-Protected Bonds | SPD vs IBIC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPD, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.05 | 0.06 | 66 | Consumer Defensive | |
| Realty Income Corporation | -0.05 | 0.09 | 0.25 | 74 | Real Estate | |
| Berkshire Hathaway Inc. | 0.08 | 0.29 | 0.44 | 61 | Financial Services | |
| Canadian Solar Inc. | 0.29 | 0.32 | 0.35 | 59 | Technology | |
| Apple Inc | 0.44 | 0.49 | 0.61 | 90 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SPD
Add SPD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPD