Looking to diversify beyond SPLB? The ETFs below have the lowest correlation with SPLB — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SPLB.
Best Diversifiers for SPLB
325 ETFs have low correlation with SPLB (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.41 | -0.42 | 63 | Leveraged Currency | SPLB vs YCS | |
| United States Gasoline Fund LP | -0.38 | -0.17 | -0.11 | 55 | Oil & Gas | SPLB vs UGA | |
| VanEck Commodity Strategy ETF | -0.26 | -0.08 | -0.07 | 57 | Commodities | SPLB vs PIT | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.25 | -0.07 | — | 50 | Commodities | SPLB vs CMDT | |
| First Trust Alternative Absolute Return Strategy E... | -0.24 | -0.10 | -0.11 | 75 | Commodities | SPLB vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPLB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPLB and solid risk/return profiles. The least correlated is Albemarle Corporation (ALB) (Basic Materials) with a 1Y correlation of 0.13, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Albemarle Corporation | 0.13 | 0.17 | 0.14 | 91 | Basic Materials | |
| Meta Financial Group, Inc. | 0.21 | 0.17 | 0.13 | 53 | Financial Services |
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