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
201 ETFs have low correlation with SPDW (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.32 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.32 | — | 52 | Cryptocurrency | SPDW vs BITI | |
| ProShares UltraShort Yen | -0.40 | -0.29 | -0.24 | 73 | Leveraged Currency | SPDW vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 70 | Inverse Equities, Leveraged Equities | SPDW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 73 | Derivative Income | SPDW vs WNTR | |
| Invesco DB Energy Fund | -0.31 | -0.09 | 0.10 | 57 | Oil & Gas | SPDW vs DBE |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.15, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.15 | 0.10 | 0.21 | 56 | Industrials | |
| ConocoPhillips Company | -0.15 | 0.06 | 0.23 | 69 | Energy | |
| Chubb Limited | -0.14 | 0.10 | 0.27 | 82 | Financial Services | |
| Devon Energy Corporation | -0.14 | 0.12 | 0.28 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.13 | 0.10 | 0.26 | 67 | Energy |
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Build a portfolio that complements SPDW
Add SPDW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPDW