Looking to diversify beyond SPHB? The ETFs below have the lowest correlation with SPHB — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SPHB.
Best Diversifiers for SPHB
299 ETFs have low correlation with SPHB (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.39 | -0.41 | 57 | Cryptocurrency | SPHB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.44 | -0.44 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SPHB vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 68 | Inverse Equities, Leveraged Equities | SPHB vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | SPHB vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.25 | -0.23 | -0.29 | 51 | Currency | SPHB vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPHB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPHB and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CBL & Associates Properties, Inc. | 0.18 | 0.33 | — | 98 | ||
| Royal Bank of Canada | 0.51 | 0.53 | 0.59 | 98 | Financial Services | |
| Western Digital Corporation | 0.59 | 0.60 | 0.65 | 99 | Technology |
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