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
161 ETFs have low correlation with SPHY (below 0.3), 65 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 65 | Inverse Equities, Leveraged Equities | SPHY vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.43 | -0.32 | — | 53 | Cryptocurrency | SPHY vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | SPHY vs WNTR | |
| ProShares UltraShort Yen | -0.36 | -0.25 | -0.23 | 72 | Leveraged Currency | SPHY vs YCS | |
| Invesco DB Energy Fund | -0.34 | -0.11 | 0.06 | 57 | Oil & Gas | SPHY vs DBE |
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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 -0.21, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.21 | 0.04 | 0.14 | 76 | Energy | |
| ConocoPhillips Company | -0.18 | 0.05 | 0.16 | 66 | Energy | |
| Chevron Corporation | -0.17 | 0.06 | 0.17 | 73 | Energy | |
| Devon Energy Corporation | -0.16 | 0.11 | 0.22 | 73 | Energy | |
| Occidental Petroleum Corporation | -0.14 | 0.06 | 0.15 | 64 | Energy |
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