Looking to diversify beyond SPIT? The ETFs below have historically moved differently from SPIT, 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 SPIT
206 ETFs have low correlation with SPIT (below 0.3), 17 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.11, roughly unchanged from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.11 | -0.11 | -0.11 | 51 | Commodities | SPIT vs GSG | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.08 | -0.08 | -0.08 | 100 | Government Bonds, Ultrashort Bond | SPIT vs GBIL | |
| Direxion Daily Energy Bull 2X Shares | -0.08 | -0.08 | -0.08 | 56 | Energy Equities, Leveraged Equities | SPIT vs ERX | |
| ProShares Ultra Energy | -0.08 | -0.08 | -0.08 | 56 | Leveraged Equities | SPIT vs DIG | |
| iShares Diversified Commodity Swap UCITS ETF | -0.06 | -0.06 | -0.06 | 58 | Commodities | SPIT vs ISCMF |
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