Looking to diversify beyond SPD? The ETFs below have the lowest correlation with SPD — 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 SPD.
Best Diversifiers for SPD
273 ETFs have low correlation with SPD (below 0.3), 54 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.45, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | -0.47 | -0.47 | 68 | Inverse Equities, Leveraged Equities | SPD vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.45 | -0.36 | -0.36 | 57 | Cryptocurrency | SPD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SPD vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | -0.47 | -0.47 | 70 | Derivative Income | SPD vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.32 | -0.22 | -0.27 | 51 | Currency | SPD vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPD and solid risk/return profiles. The least correlated is Canadian Solar Inc. (CSIQ) (Technology) with a 1Y correlation of 0.28, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Solar Inc. | 0.29 | 0.32 | 0.35 | 54 | Technology | |
| Hannon Armstrong Sustainable Infrastructure Capita... | 0.44 | 0.35 | 0.42 | 84 | Real Estate |
Build a portfolio that complements SPD
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