Looking to balance out your exposure to SPKKY? The ETFs below have the lowest correlation with SPKKY — they tend to move on their own, which can help reduce risk when SPKKY drops. The stock ideas table highlights individual companies that behave independently from SPKKY.
Best Diversifiers for SPKKY
1 ETFs have low correlation with SPKKY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.28 | 0.24 | 0.29 | 74 | S&P 500 | SPKKY vs VOO |
Diversification Analysis
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