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
259 ETFs have low correlation with SPHQ (below 0.3), 55 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.33, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.33 | -0.22 | -0.29 | 51 | Currency | SPHQ vs UUP | |
| ProShares Short Bitcoin ETF | -0.33 | -0.30 | -0.34 | 57 | Cryptocurrency | SPHQ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SPHQ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 68 | Inverse Equities, Leveraged Equities | SPHQ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 70 | Derivative Income | SPHQ vs WNTR |
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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 -0.15, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.03 | 0.16 | 81 | Consumer Defensive | |
| Chevron Corporation | -0.14 | 0.09 | 0.27 | 70 | Energy | |
| Occidental Petroleum Corporation | -0.12 | 0.09 | 0.25 | 62 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.07 | 0.25 | 75 | Energy | |
| ConocoPhillips Company | -0.09 | 0.10 | 0.24 | 66 | Energy |
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