Looking to diversify beyond SPHD? The ETFs below have the lowest correlation with SPHD — 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 SPHD.
Best Diversifiers for SPHD
997 ETFs have low correlation with SPHD (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.32, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.19 | -0.13 | 63 | Leveraged Currency | SPHD vs YCS | |
| YieldMax NVDA Option Income Strategy ETF | -0.19 | -0.05 | — | 60 | Options Trading | SPHD vs NVDY | |
| REX NVDA Growth & Income ETF | -0.18 | -0.18 | -0.18 | 62 | Derivative Income | SPHD vs NVII | |
| Leverage Shares 2X Long AVGO Daily ETF | -0.14 | -0.13 | -0.13 | 57 | Leveraged Equities | SPHD vs AVGG | |
| Defiance Daily Target 2X Long AVGO ETF | -0.13 | -0.06 | -0.06 | 56 | Leveraged Equities | SPHD vs AVGX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPHD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPHD and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.19, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.19 | -0.07 | 0.11 | 82 | Technology | |
| Credo Technology Group Holding Ltd | -0.17 | -0.04 | 0.09 | 90 | Technology | |
| Broadcom Inc. | -0.10 | -0.01 | 0.15 | 86 | Technology | |
| Micron Technology, Inc. | -0.08 | 0.03 | 0.17 | 99 | Technology | |
| Nebius Group N.V. | -0.08 | -0.02 | -0.02 | 97 | Communication Services |
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