Looking to diversify beyond SPHD? The ETFs below have historically moved differently from SPHD, 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 SPHD
1225 ETFs have low correlation with SPHD (below 0.3), 180 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.21 | -0.15 | 56 | Leveraged Currency | SPHD vs YCS | |
| ProShares Ultra Semiconductors | -0.27 | -0.06 | 0.15 | 52 | Leveraged Equities, Semiconductors | SPHD vs USD | |
| Roundhill Generative AI & Technology ETF | -0.23 | 0.00 | — | 66 | Artificial Intelligence, Technology Equities | SPHD vs CHAT | |
| GraniteShares 2x Long MU Daily ETF | -0.23 | -0.08 | -0.08 | 98 | Leveraged Equities | SPHD vs MULL | |
| Columbia Select Technology ETF | -0.22 | 0.05 | — | 54 | Semiconductors, Technology Equities | SPHD vs SEMI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPHD, 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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.26, down from -0.09 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.26 | -0.09 | — | 74 | Technology | |
| Broadcom Inc. | -0.26 | -0.08 | 0.13 | 67 | Technology | |
| NVIDIA Corporation | -0.24 | -0.10 | 0.10 | 56 | Technology | |
| Micron Technology, Inc. | -0.23 | -0.04 | 0.12 | 99 | Technology | |
| Nebius Group N.V. | -0.22 | — | — | 92 | Communication Services |
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