Looking to diversify beyond SPIB? The ETFs below have the lowest correlation with SPIB — 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 SPIB.
Best Diversifiers for SPIB
376 ETFs have low correlation with SPIB (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.47 | -0.51 | 72 | Leveraged Currency | SPIB vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.48 | -0.45 | -0.42 | 51 | Currency | SPIB vs UUP | |
| United States Gasoline Fund LP | -0.43 | -0.20 | -0.12 | 78 | Oil & Gas | SPIB vs UGA | |
| Invesco DB Energy Fund | -0.42 | -0.21 | -0.12 | 53 | Oil & Gas | SPIB vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.15 | -0.08 | 51 | Commodities | SPIB vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPIB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPIB and solid risk/return profiles. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of 0.07, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.07 | 0.06 | 0.13 | 93 | Industrials | |
| Amazon.com, Inc | 0.25 | 0.17 | 0.21 | 54 | Consumer Cyclical |
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