Looking to diversify beyond SPIP? The ETFs below have historically moved differently from SPIP, 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 SPIP
1236 ETFs have low correlation with SPIP (below 0.3), 97 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, roughly unchanged from -0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.42 | -0.42 | 56 | Leveraged Currency | SPIP vs YCS | |
| Invesco DB Energy Fund | -0.26 | -0.09 | 0.02 | 72 | Oil & Gas | SPIP vs DBE | |
| United States Oil Fund LP | -0.24 | -0.09 | 0.01 | 55 | Oil & Gas | SPIP vs USO | |
| United States Brent Oil Fund LP | -0.24 | -0.09 | 0.02 | 52 | Oil & Gas | SPIP vs BNO | |
| United States Gasoline Fund, LP | -0.24 | -0.07 | 0.02 | 87 | Oil & Gas | SPIP vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPIP, 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 TotalEnergies SE (TTE) (Energy) with a 1Y correlation of -0.03, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TotalEnergies SE | -0.03 | 0.01 | 0.03 | 91 | Energy | |
| Lockheed Martin Corporation | -0.02 | 0.07 | 0.06 | 80 | Industrials | |
| The J. M. Smucker Company | 0.05 | 0.15 | 0.11 | 61 | Consumer Defensive | |
| Realty Income Corporation | 0.15 | 0.29 | 0.26 | 77 | Real Estate |
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