Looking to balance out your exposure to SPHR? The ETFs below have the lowest correlation with SPHR — they tend to move on their own, which can help reduce risk when SPHR drops. The stock ideas table highlights individual companies that behave independently from SPHR.
Best Diversifiers for SPHR
1 ETFs have low correlation with SPHR (below 0.3), 0 of which are negatively correlated. The least correlated is Sprott Critical Materials ETF (SETM) (Materials) with a 1Y correlation of 0.27, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sprott Critical Materials ETF | 0.27 | 0.28 | 0.29 | 61 | Materials, Commodity Producers Equities | SPHR vs SETM | |
| Invesco QQQ ETF | 0.30 | 0.35 | 0.36 | 59 | Nasdaq-100 | SPHR vs QQQ | |
| Invesco S&P MidCap Momentum ETF | 0.37 | 0.42 | 0.44 | 66 | Momentum, Mid Cap Growth Equities | SPHR vs XMMO | |
| iShares Core S&P 500 ETF | 0.39 | 0.41 | 0.43 | 59 | S&P 500 | SPHR vs IVV | |
| Vanguard S&P 500 ETF | 0.39 | 0.41 | 0.43 | 59 | S&P 500 | SPHR vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPHR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPHR and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.11, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.11 | 0.23 | 0.31 | 72 | Technology | |
| Vertiv Holdings Co. | 0.20 | 0.28 | 0.34 | 93 | Industrials | |
| OneSpaWorld Holdings Limited | 0.27 | 0.32 | 0.35 | 78 | Consumer Cyclical | |
| Imax Corp | 0.28 | 0.21 | 0.32 | 83 | Communication Services |
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