Looking to diversify beyond SPHY? The ETFs below have the lowest correlation with SPHY — 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 SPHY.
Best Diversifiers for SPHY
185 ETFs have low correlation with SPHY (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.26 | -0.23 | 61 | Leveraged Currency | SPHY vs YCS | |
| United States Oil Fund LP | -0.38 | -0.09 | 0.05 | 66 | Oil & Gas | SPHY vs USO | |
| Invesco DB Energy Fund | -0.38 | -0.08 | 0.07 | 71 | Oil & Gas | SPHY vs DBE | |
| United States Brent Oil Fund LP | -0.37 | -0.08 | 0.05 | 65 | Oil & Gas | SPHY vs BNO | |
| Invesco DB Oil Fund | -0.35 | -0.06 | 0.07 | 65 | Oil & Gas | SPHY vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPHY and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.15, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.15 | 0.05 | 0.14 | 85 | Energy | |
| ConocoPhillips Company | -0.14 | 0.06 | 0.15 | 76 | Energy | |
| Chevron Corporation | -0.12 | 0.07 | 0.16 | 83 | Energy | |
| Energy Transfer LP | -0.11 | 0.22 | 0.30 | 69 | Energy | |
| Altria Group, Inc. | -0.10 | 0.10 | 0.17 | 69 | Consumer Defensive |
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