Looking to diversify beyond SPDV? The ETFs below have the lowest correlation with SPDV — 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 SPDV.
Best Diversifiers for SPDV
421 ETFs have low correlation with SPDV (below 0.3), 22 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.26, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.26 | -0.27 | -0.30 | 57 | Cryptocurrency | SPDV vs BITI | |
| Invesco DB US Dollar Index Bullish Fund | -0.26 | -0.22 | -0.30 | 51 | Currency | SPDV vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 68 | Inverse Equities, Leveraged Equities | SPDV vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SPDV vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | — | — | 70 | Derivative Income | SPDV vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPDV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPDV and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.10 | 0.19 | 0.25 | 77 | Technology | |
| Amazon.com, Inc | 0.12 | 0.17 | 0.28 | 54 | Consumer Cyclical | |
| Alphabet Inc. Class A | 0.13 | 0.18 | 0.30 | 96 | Communication Services | |
| Arista Networks, Inc. | 0.13 | 0.21 | 0.32 | 79 | Technology | |
| Apple Inc | 0.21 | 0.28 | 0.41 | 91 | Technology |
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Build a portfolio that complements SPDV
Add SPDV to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPDV