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
19 ETFs have low correlation with SPG (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.00, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.00 | -0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | SPG vs BIL | |
| Direxion Daily Technology Bull 3X Shares | 0.01 | 0.23 | 0.39 | 65 | Leveraged Equities, Technology Equities | SPG vs TECL | |
| VanEck Semiconductor ETF | 0.01 | 0.20 | 0.36 | 94 | Semiconductors, Technology Equities | SPG vs SMH | |
| iShares Semiconductor ETF | 0.04 | 0.23 | 0.38 | 95 | Semiconductors, Technology Equities | SPG vs SOXX | |
| Invesco QQQ ETF | 0.10 | 0.28 | 0.42 | 59 | Nasdaq-100 | SPG vs QQQ |
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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 -0.08, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.08 | 0.09 | 0.27 | 72 | Technology | |
| Datadog, Inc. | -0.07 | 0.09 | 0.24 | 73 | Technology | |
| Chevron Corporation | -0.06 | 0.15 | 0.27 | 70 | Energy | |
| Exxon Mobil Corporation | -0.06 | 0.14 | 0.25 | 72 | Energy | |
| Advanced Micro Devices, Inc. | -0.02 | 0.15 | 0.27 | 97 | Technology |
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