Looking to diversify beyond SPGP? The ETFs below have historically moved differently from SPGP, 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 SPGP
278 ETFs have low correlation with SPGP (below 0.3), 80 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | SPGP vs MSTZ | |
| Invesco DB Energy Fund | -0.37 | 0.00 | 0.12 | 72 | Oil & Gas | SPGP vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 75 | Derivative Income | SPGP vs WNTR | |
| ProShares Short Bitcoin ETF | -0.35 | -0.32 | — | 61 | Cryptocurrency | SPGP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SPGP vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPGP, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.19, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.19 | 0.23 | 0.29 | 84 | Energy | |
| Chevron Corporation | -0.18 | 0.23 | 0.31 | 80 | Energy | |
| Altria Group, Inc. | -0.16 | 0.04 | 0.14 | 66 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.16 | 0.27 | 0.32 | 70 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | -0.13 | 0.18 | 0.18 | 85 | Energy |
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