Looking to balance out your exposure to SPGI? The ETFs below have the lowest correlation with SPGI — they tend to move on their own, which can help reduce risk when SPGI drops. The stock ideas table highlights individual companies that behave independently from SPGI.
Best Diversifiers for SPGI
254 ETFs have low correlation with SPGI (below 0.3), 31 of which are negatively correlated. The least correlated is First Trust Nasdaq Semiconductor ETF (FTXL) (Semiconductors) with a 1Y correlation of -0.09, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Nasdaq Semiconductor ETF | -0.09 | 0.19 | 0.36 | 97 | Semiconductors, Technology Equities | SPGI vs FTXL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.06 | 0.00 | 100 | Government Bonds, Ultrashort Bond | SPGI vs BIL | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.08 | 0.20 | 0.38 | 97 | Leveraged Equities, Semiconductors | SPGI vs SOXL | |
| iShares Global Clean Energy ETF | -0.07 | 0.17 | 0.31 | 87 | Alternative Energy Equities | SPGI vs ICLN | |
| ProShares Ultra Bloomberg Crude Oil | -0.06 | -0.06 | 0.04 | 54 | Leveraged Commodities | SPGI vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPGI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPGI and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of -0.20, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | -0.20 | 0.09 | 0.23 | 99 | Technology | |
| Vertiv Holdings Co. | -0.13 | 0.12 | 0.30 | 94 | Industrials | |
| Celestica Inc. | -0.13 | 0.08 | 0.19 | 94 | Technology | |
| Credo Technology Group Holding Ltd | -0.11 | 0.10 | — | 85 | Technology | |
| Canadian Utilities Limited | -0.11 | 0.08 | 0.16 | 90 | Utilities |
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