Looking to diversify beyond SPHB? The ETFs below have historically moved differently from SPHB, 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 SPHB
376 ETFs have low correlation with SPHB (below 0.3), 93 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, roughly unchanged from -0.39 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.39 | — | 61 | Cryptocurrency | SPHB vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | SPHB vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SPHB vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 75 | Derivative Income | SPHB vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.36 | -0.11 | — | 56 | Options Trading | SPHB vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPHB, 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 Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.07, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.07 | 0.27 | 0.44 | 53 | Financial Services | |
| CBL & Associates Properties, Inc. | 0.15 | 0.31 | — | 99 | ||
| Royal Bank of Canada | 0.49 | 0.52 | 0.58 | 98 | Financial Services | |
| Western Digital Corporation | 0.63 | 0.61 | 0.65 | 99 | Technology |
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