Looking to diversify beyond SPHQ? The ETFs below have the lowest correlation with SPHQ — 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 SPHQ.
Best Diversifiers for SPHQ
278 ETFs have low correlation with SPHQ (below 0.3), 63 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.07 | 0.10 | 71 | Oil & Gas | SPHQ vs DBE | |
| United States Oil Fund LP | -0.32 | -0.07 | 0.09 | 66 | Oil & Gas | SPHQ vs USO | |
| United States Brent Oil Fund LP | -0.30 | -0.06 | 0.09 | 65 | Oil & Gas | SPHQ vs BNO | |
| United States Gasoline Fund LP | -0.30 | -0.05 | 0.08 | 71 | Oil & Gas | SPHQ vs UGA | |
| United States 12 Month Oil Fund LP | -0.30 | -0.04 | 0.11 | 56 | Oil & Gas | SPHQ vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPHQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPHQ and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.06 | 0.19 | 67 | Consumer Defensive | |
| Chevron Corporation | -0.07 | 0.11 | 0.26 | 83 | Energy | |
| Exxon Mobil Corporation | -0.07 | 0.10 | 0.25 | 85 | Energy | |
| ConocoPhillips Company | -0.07 | 0.11 | 0.25 | 76 | Energy | |
| BP p.l.c. | -0.07 | 0.12 | 0.25 | 87 | Energy |
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