Looking to diversify beyond SPHY? The ETFs below have historically moved differently from SPHY, 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 SPHY
193 ETFs have low correlation with SPHY (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.32 | — | 51 | Cryptocurrency | SPHY vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | -0.44 | -0.44 | 69 | Derivative Income | SPHY vs WNTR | |
| Invesco DB Energy Fund | -0.37 | -0.12 | 0.05 | 66 | Oil & Gas | SPHY vs DBE | |
| ProShares UltraShort Yen | -0.35 | -0.26 | -0.23 | 59 | Leveraged Currency | SPHY vs YCS | |
| Invesco DB Oil Fund | -0.33 | -0.09 | 0.05 | 51 | Oil & Gas | SPHY vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPHY, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.24, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.24 | 0.02 | 0.13 | 85 | Energy | |
| ConocoPhillips Company | -0.22 | 0.01 | 0.15 | 73 | Energy | |
| Chevron Corporation | -0.20 | 0.03 | 0.16 | 79 | Energy | |
| Devon Energy Corporation | -0.20 | 0.07 | 0.20 | 78 | Energy | |
| Occidental Petroleum Corporation | -0.20 | 0.03 | 0.14 | 68 | Energy |
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