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
483 ETFs have low correlation with SPIB (below 0.3), 83 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.53, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.53 | -0.47 | -0.51 | 67 | Leveraged Currency | SPIB vs YCS | |
| Invesco DB Energy Fund | -0.42 | -0.20 | -0.12 | 71 | Oil & Gas | SPIB vs DBE | |
| Invesco DB Oil Fund | -0.42 | -0.19 | -0.12 | 65 | Oil & Gas | SPIB vs DBO | |
| United States Gasoline Fund LP | -0.42 | -0.20 | -0.12 | 70 | Oil & Gas | SPIB vs UGA | |
| United States Brent Oil Fund LP | -0.42 | -0.20 | -0.13 | 65 | Oil & Gas | SPIB vs BNO |
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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 0.09, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.09 | 0.05 | 0.14 | 94 | Industrials | |
| Amazon.com, Inc | 0.16 | 0.16 | 0.21 | 62 | Consumer Cyclical |
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