Looking to diversify beyond SPDN? The ETFs below have historically moved differently from SPDN, 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 SPDN
1719 ETFs have low correlation with SPDN (below 0.3), 1640 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.99 | -0.99 | -1.00 | 68 | S&P 500 | SPDN vs VOO | |
| ProShares Ultra S&P500 | -0.99 | -0.99 | -1.00 | 54 | Leveraged Equities, S&P 500 | SPDN vs SSO | |
| Direxion Daily S&P 500 Bull 2X ETF | -0.99 | -0.99 | -0.99 | 54 | Leveraged Equities, S&P 500 | SPDN vs SPUU | |
| Direxion Daily S&P 500 Bull 3X ETF | -0.99 | -0.99 | -1.00 | 51 | Leveraged Equities, S&P 500 | SPDN vs SPXL | |
| Goldman Sachs MarketBeta U.S. Equity ETF | -0.99 | -0.99 | -0.99 | 63 | Large Cap Growth Equities | SPDN vs GSUS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPDN, 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 Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.66, roughly unchanged from -0.69 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.66 | -0.66 | -0.69 | 96 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.64 | -0.63 | -0.63 | 87 | Technology | |
| NVIDIA Corporation | -0.63 | -0.63 | -0.70 | 56 | Technology | |
| Applied Materials, Inc. | -0.62 | -0.64 | -0.69 | 95 | Technology | |
| Broadcom Inc. | -0.61 | -0.65 | -0.69 | 67 | Technology |
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