Looking to diversify beyond SPLB? The ETFs below have historically moved differently from SPLB, 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 SPLB
418 ETFs have low correlation with SPLB (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, roughly unchanged from -0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.42 | -0.41 | 56 | Leveraged Currency | SPLB vs YCS | |
| United States Oil Fund LP | -0.41 | -0.21 | -0.13 | 55 | Oil & Gas | SPLB vs USO | |
| Invesco DB Oil Fund | -0.41 | -0.21 | -0.12 | 58 | Oil & Gas | SPLB vs DBO | |
| Invesco DB Energy Fund | -0.40 | -0.21 | -0.12 | 72 | Oil & Gas | SPLB vs DBE | |
| United States Brent Oil Fund LP | -0.39 | -0.20 | -0.13 | 52 | Oil & Gas | SPLB vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPLB, 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 Albemarle Corporation (ALB) (Basic Materials) with a 1Y correlation of 0.11, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Albemarle Corporation | 0.11 | 0.16 | 0.15 | 77 | Basic Materials | |
| Newmont Corporation | 0.20 | 0.22 | 0.24 | 74 | Basic Materials | |
| Pathward Financial, Inc. | 0.21 | 0.15 | 0.15 | 61 | Financial Services |
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