Looking to balance out your exposure to SPG? The ETFs below have historically moved differently from SPG, 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 SPG
30 ETFs have low correlation with SPG (below 0.3), 4 of which are negatively correlated. The least correlated is Direxion Daily Technology Bull 3X Shares (TECL) (Leveraged Equities) with a 1Y correlation of -0.08, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Technology Bull 3X Shares | -0.08 | 0.19 | 0.36 | 53 | Leveraged Equities, Technology Equities | SPG vs TECL | |
| VanEck Semiconductor ETF | -0.06 | 0.16 | 0.34 | 87 | Semiconductors, Technology Equities | SPG vs SMH | |
| Vanguard Energy ETF | -0.05 | 0.20 | 0.30 | 61 | Energy Equities | SPG vs VDE | |
| iShares Semiconductor ETF | -0.03 | 0.20 | 0.36 | 89 | Semiconductors, Technology Equities | SPG vs SOXX | |
| Invesco NASDAQ 100 ETF | 0.00 | 0.25 | 0.41 | 54 | Nasdaq-100 | SPG vs QQQM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPG, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.11, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.11 | 0.07 | 0.26 | 63 | Technology | |
| Datadog, Inc. | -0.10 | 0.09 | 0.24 | 85 | Technology | |
| Broadcom Inc. | -0.10 | 0.11 | 0.27 | 70 | Technology | |
| Exxon Mobil Corporation | -0.09 | 0.13 | 0.23 | 84 | Energy | |
| Chevron Corporation | -0.08 | 0.13 | 0.25 | 72 | Energy |
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