Looking to diversify beyond SPDW? The ETFs below have the lowest correlation with SPDW — 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 SPDW.
Best Diversifiers for SPDW
226 ETFs have low correlation with SPDW (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.29 | -0.24 | 61 | Leveraged Currency | SPDW vs YCS | |
| Invesco DB Energy Fund | -0.37 | -0.07 | 0.11 | 71 | Oil & Gas | SPDW vs DBE | |
| United States Oil Fund LP | -0.36 | -0.06 | 0.10 | 66 | Oil & Gas | SPDW vs USO | |
| United States Brent Oil Fund LP | -0.36 | -0.05 | 0.10 | 65 | Oil & Gas | SPDW vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.34 | — | — | 56 | Derivative Income | SPDW vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPDW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPDW and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.11, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.11 | 0.09 | 0.24 | 76 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.11 | 0.24 | 85 | Energy | |
| Altria Group, Inc. | -0.09 | 0.11 | 0.20 | 69 | Consumer Defensive | |
| Chevron Corporation | -0.07 | 0.12 | 0.26 | 83 | Energy | |
| Energy Transfer LP | -0.05 | 0.22 | 0.33 | 69 | Energy |
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Build a portfolio that complements SPDW
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