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
1067 ETFs have low correlation with SPHD (below 0.3), 154 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.33, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.33 | -0.21 | -0.14 | 72 | Leveraged Currency | SPHD vs YCS | |
| ProShares Ultra Semiconductors | -0.26 | -0.05 | 0.16 | 70 | Leveraged Equities, Semiconductors | SPHD vs USD | |
| Invesco DB US Dollar Index Bullish Fund | -0.26 | -0.24 | -0.28 | 51 | Currency | SPHD vs UUP | |
| Alger AI Enablers & Adopters ETF | -0.21 | — | — | 62 | Technology Equities | SPHD vs ALAI | |
| Columbia Select Technology ETF | -0.21 | 0.05 | 0.24 | 62 | Semiconductors, Technology Equities | SPHD vs SEMI |
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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 -0.25, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.25 | -0.09 | 0.11 | 65 | Technology | |
| Broadcom Inc. | -0.25 | -0.07 | 0.14 | 71 | Technology | |
| Credo Technology Group Holding Ltd | -0.24 | -0.07 | 0.07 | 83 | Technology | |
| Nebius Group N.V. | -0.19 | -0.08 | -0.08 | 96 | Communication Services | |
| Micron Technology, Inc. | -0.19 | -0.02 | 0.14 | 99 | Technology |
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