Looking to balance out your exposure to SPH? The ETFs below have historically moved differently from SPH, 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 SPH
2 ETFs have low correlation with SPH (below 0.3), 1 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of -0.03, down from 0.09 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | -0.03 | 0.09 | — | 55 | Nasdaq-100, Derivative Income | SPH vs JEPQ | |
| Vanguard S&P 500 ETF | 0.02 | 0.14 | 0.21 | 68 | S&P 500 | SPH vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPH, 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 -0.05, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.05 | 0.01 | 0.07 | 56 | Technology | |
| International Seaways, Inc. | 0.08 | 0.11 | 0.17 | 99 | Industrials | |
| Viper Energy, Inc. | 0.13 | 0.17 | 0.27 | 70 | Energy | |
| British American Tobacco p.l.c. | 0.18 | 0.15 | 0.20 | 69 | Consumer Defensive | |
| Valero Energy Corporation | 0.23 | 0.22 | 0.28 | 98 | Energy |
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