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
4 ETFs have low correlation with SPIR (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.05, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.05 | -0.05 | 0.01 | 100 | Government Bonds, Ultrashort Bond | SPIR vs BIL | |
| PIMCO 1-5 Year US TIPS Index ETF | -0.01 | 0.07 | 0.05 | 64 | Inflation-Protected Bonds | SPIR vs STPZ | |
| WisdomTree Japan Opportunities ETF | 0.25 | 0.19 | 0.20 | 94 | Japan Equities, Asia Pacific Equities | SPIR vs OPPJ | |
| WisdomTree Japan Hedged Equity Fund | 0.29 | 0.22 | 0.23 | 94 | Japan Equities, Asia Pacific Equities | SPIR vs DXJ | |
| Vanguard FTSE Developed Markets ETF | 0.34 | 0.32 | 0.33 | 59 | Foreign Large Cap Equities | SPIR vs VEA |
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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 0.00, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Halozyme Therapeutics, Inc. | 0.00 | 0.08 | 0.13 | 72 | Healthcare | |
| Howmet Aerospace Inc. | 0.16 | 0.26 | 0.25 | 84 | Industrials | |
| Sirius XM Holdings Inc. | 0.16 | 0.18 | 0.20 | 78 | Communication Services | |
| Medpace Holdings, Inc. | 0.17 | 0.21 | 0.25 | 80 | Healthcare | |
| RTX Corporation | 0.18 | 0.21 | 0.18 | 77 | Industrials |
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