Looking to diversify beyond SPDN? The ETFs below have the lowest correlation with SPDN — 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 SPDN.
Best Diversifiers for SPDN
1544 ETFs have low correlation with SPDN (below 0.3), 1486 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.99, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.99 | -0.99 | -1.00 | 66 | S&P 500 | SPDN vs VOO | |
| Direxion Daily S&P 500 Bull 3X ETF | -0.99 | -0.99 | -1.00 | 52 | Leveraged Equities, S&P 500 | SPDN vs SPXL | |
| Direxion Daily S&P 500 Bull 2X ETF | -0.99 | -0.99 | -0.99 | 55 | Leveraged Equities, S&P 500 | SPDN vs SPUU | |
| State Street SPDR S&P 500 ETF | -0.99 | -0.99 | -1.00 | 66 | S&P 500 | SPDN vs SPY | |
| ProShares Ultra S&P500 | -0.99 | -0.99 | -1.00 | 54 | Leveraged Equities, S&P 500 | SPDN vs SSO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPDN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPDN and solid risk/return profiles. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.65, roughly unchanged from -0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.65 | -0.66 | -0.69 | 97 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.62 | -0.62 | -0.63 | 92 | Technology | |
| Tesla, Inc. | -0.62 | -0.57 | -0.58 | 63 | Consumer Cyclical | |
| NVIDIA Corporation | -0.59 | -0.63 | -0.69 | 65 | Technology | |
| Applied Materials, Inc. | -0.59 | -0.64 | -0.69 | 96 | Technology |
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