Looking to balance out your exposure to SPGI? The ETFs below have historically moved differently from SPGI, 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 SPGI
263 ETFs have low correlation with SPGI (below 0.3), 46 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.19 | — | — | 98 | Leveraged Equities, Semiconductors | SPGI vs MUU | |
| Invesco PHLX Semiconductor ETF | -0.18 | 0.13 | 0.34 | 88 | Semiconductors, Technology Equities | SPGI vs SOXQ | |
| ProShares Ultra Semiconductors | -0.17 | 0.11 | 0.33 | 52 | Leveraged Equities, Semiconductors | SPGI vs USD | |
| First Trust Nasdaq Semiconductor ETF | -0.17 | 0.14 | 0.32 | 91 | Semiconductors, Technology Equities | SPGI vs FTXL | |
| YieldMax Semiconductor Portfolio Option Income ETF | -0.16 | — | — | 89 | Derivative Income, Semiconductors | SPGI vs CHPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPGI, 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 Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of -0.26, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | -0.26 | 0.06 | 0.20 | 98 | Technology | |
| Vertiv Holdings Co. | -0.23 | 0.07 | 0.26 | 76 | Industrials | |
| Celestica Inc. | -0.20 | 0.05 | 0.17 | 73 | Technology | |
| Quanta Services, Inc. | -0.19 | 0.16 | 0.30 | 85 | Industrials | |
| Micron Technology, Inc. | -0.19 | 0.03 | 0.18 | 99 | Technology |
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