Looking to balance out your exposure to SPIR? The ETFs below have the lowest correlation with SPIR — they tend to move on their own, which can help reduce risk when SPIR drops. The stock ideas table highlights individual companies that behave independently from SPIR.
Best Diversifiers for SPIR
1 ETFs have low correlation with SPIR (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO 1-5 Year US TIPS Index ETF (STPZ) (Inflation-Protected Bonds) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO 1-5 Year US TIPS Index ETF | -0.04 | 0.05 | 0.05 | 82 | Inflation-Protected Bonds | SPIR vs STPZ | |
| iShares MSCI USA Quality Factor ETF | 0.37 | 0.36 | 0.36 | 53 | Large Cap Blend Equities | SPIR vs QUAL | |
| Invesco QQQ ETF | 0.39 | 0.36 | 0.38 | 73 | Nasdaq-100 | SPIR vs QQQ | |
| Vanguard S&P 500 ETF | 0.40 | 0.39 | 0.38 | 70 | S&P 500 | SPIR vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPIR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPIR and solid risk/return profiles. The least correlated is Halozyme Therapeutics, Inc. (HALO) (Healthcare) with a 1Y correlation of 0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Halozyme Therapeutics, Inc. | 0.01 | 0.09 | 0.13 | 66 | Healthcare | |
| Medpace Holdings, Inc. | 0.15 | 0.20 | 0.25 | 68 | Healthcare | |
| Howmet Aerospace Inc. | 0.17 | 0.26 | 0.26 | 79 | Industrials | |
| Perpetua Resources Corp | 0.29 | 0.21 | 0.17 | 61 | Basic Materials | |
| Lithium Americas Corp. | 0.40 | 0.34 | 0.34 | 71 | Basic Materials |
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