Looking to diversify beyond SPLV? The ETFs below have historically moved differently from SPLV, 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 SPLV
1381 ETFs have low correlation with SPLV (below 0.3), 344 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.35, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.35 | -0.09 | 0.11 | 56 | Leveraged Equities, Semiconductors | SPLV vs USD | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.35 | — | — | 56 | Artificial Intelligence, Technology Equities | SPLV vs FAI | |
| Roundhill Generative AI & Technology ETF | -0.34 | -0.04 | — | 73 | Artificial Intelligence, Technology Equities | SPLV vs CHAT | |
| Pacer Data and Digital Revolution ETF | -0.34 | -0.01 | — | 52 | Technology Equities | SPLV vs TRFK | |
| WisdomTree Artificial Intelligence and Innovation ... | -0.32 | 0.01 | — | 66 | Artificial Intelligence, Technology Equities | SPLV vs WTAI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPLV, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.34, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.34 | -0.07 | 0.13 | 69 | Technology | |
| Credo Technology Group Holding Ltd | -0.33 | -0.10 | 0.02 | 76 | Technology | |
| NVIDIA Corporation | -0.31 | -0.11 | 0.09 | 59 | Technology | |
| Micron Technology, Inc. | -0.30 | -0.09 | 0.06 | 99 | Technology | |
| Western Digital Corporation | -0.29 | -0.05 | 0.13 | 99 | Technology |
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