Looking to balance out your exposure to SPG? The ETFs below have the lowest correlation with SPG — they tend to move on their own, which can help reduce risk when SPG drops. The stock ideas table highlights individual companies that behave independently from SPG.
Best Diversifiers for SPG
21 ETFs have low correlation with SPG (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.02, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.02 | 0.18 | 0.35 | 90 | Semiconductors, Technology Equities | SPG vs SMH | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.01 | -0.01 | -0.01 | 100 | Government Bonds, Ultrashort Bond | SPG vs BIL | |
| iShares Semiconductor ETF | 0.03 | 0.19 | 0.33 | 91 | Semiconductors, Technology Equities | SPG vs SOXX | |
| Invesco QQQ ETF | 0.05 | 0.27 | 0.42 | 53 | Nasdaq-100 | SPG vs QQQ | |
| Invesco NASDAQ 100 ETF | 0.06 | 0.28 | 0.42 | 54 | Nasdaq-100 | SPG vs QQQM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPG and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.10, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.10 | 0.08 | 0.27 | 63 | Technology | |
| Datadog, Inc. | -0.09 | 0.09 | 0.24 | 80 | Technology | |
| Broadcom Inc. | -0.09 | 0.12 | 0.28 | 67 | Technology | |
| Exxon Mobil Corporation | -0.07 | 0.14 | 0.24 | 78 | Energy | |
| Cisco Systems, Inc. | -0.07 | 0.18 | 0.33 | 91 | Technology |
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