Looking to balance out your exposure to SPHR? The ETFs below have historically moved differently from SPHR, 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 SPHR
0 ETFs have low correlation with SPHR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 ETF (IVV) (S&P 500) with a 1Y correlation of 0.37, roughly unchanged from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 ETF | 0.37 | 0.40 | 0.43 | 67 | S&P 500 | SPHR vs IVV | |
| Vanguard S&P 500 ETF | 0.37 | 0.41 | 0.43 | 68 | S&P 500 | SPHR vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPHR, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.11, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.11 | 0.22 | 0.30 | 56 | Technology | |
| NGL Energy Partners LP | 0.14 | 0.15 | 0.18 | 99 | Energy | |
| Imax Corp | 0.19 | 0.20 | 0.29 | 92 | Communication Services | |
| Vertiv Holdings Co. | 0.20 | 0.27 | 0.33 | 76 | Industrials | |
| OneSpaWorld Holdings Limited | 0.27 | 0.32 | 0.35 | 62 | Consumer Cyclical |
Build a portfolio that complements SPHR
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