Looking to diversify beyond SPIB? The ETFs below have historically moved differently from SPIB, 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 SPIB
410 ETFs have low correlation with SPIB (below 0.3), 104 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.48 | -0.50 | 56 | Leveraged Currency | SPIB vs YCS | |
| United States Oil Fund LP | -0.44 | -0.23 | -0.13 | 55 | Oil & Gas | SPIB vs USO | |
| Invesco DB Oil Fund | -0.44 | -0.22 | -0.12 | 58 | Oil & Gas | SPIB vs DBO | |
| Invesco DB Energy Fund | -0.43 | -0.23 | -0.12 | 72 | Oil & Gas | SPIB vs DBE | |
| United States Brent Oil Fund LP | -0.43 | -0.22 | -0.13 | 52 | Oil & Gas | SPIB vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPIB, 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 Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.09 | 0.06 | 0.13 | 76 | Industrials | |
| Amazon.com, Inc | 0.28 | 0.16 | 0.21 | 60 | Consumer Cyclical |
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