Looking to diversify beyond SPIP? The ETFs below have the lowest correlation with SPIP — 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 SPIP.
Best Diversifiers for SPIP
1360 ETFs have low correlation with SPIP (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.42 | -0.42 | 63 | Leveraged Currency | SPIP vs YCS | |
| United States Gasoline Fund LP | -0.27 | -0.06 | 0.02 | 71 | Oil & Gas | SPIP vs UGA | |
| Invesco DB Energy Fund | -0.27 | -0.07 | 0.02 | 71 | Oil & Gas | SPIP vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | — | — | 56 | Derivative Income | SPIP vs USOY | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.25 | — | — | 63 | Commodities | SPIP vs USOI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPIP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPIP and solid risk/return profiles. The least correlated is TotalEnergies SE (TTE) (Energy) with a 1Y correlation of -0.00, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TotalEnergies SE | -0.00 | 0.02 | 0.03 | 89 | Energy |
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