Looking to diversify beyond SPLV? The ETFs below have the lowest correlation with SPLV — 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 SPLV.
Best Diversifiers for SPLV
1287 ETFs have low correlation with SPLV (below 0.3), 194 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of -0.26, down from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.26 | -0.08 | — | 52 | Derivative Income, Options Trading | SPLV vs NVDY | |
| ProShares UltraShort Yen | -0.26 | -0.14 | -0.11 | 61 | Leveraged Currency | SPLV vs YCS | |
| REX NVDA Growth & Income ETF | -0.25 | — | — | 52 | Derivative Income | SPLV vs NVII | |
| ProShares Ultra Semiconductors | -0.24 | -0.04 | 0.14 | 90 | Leveraged Equities, Semiconductors | SPLV vs USD | |
| Direxion Daily MU Bull 2X Shares | -0.21 | — | — | 99 | Leveraged Equities | SPLV vs MUU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPLV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPLV and solid risk/return profiles. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.25, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.25 | -0.06 | 0.05 | 85 | Technology | |
| Oracle Corporation | -0.24 | 0.08 | 0.23 | 58 | Technology | |
| NVIDIA Corporation | -0.22 | -0.09 | 0.07 | 78 | Technology | |
| Micron Technology, Inc. | -0.21 | -0.04 | 0.10 | 99 | Technology | |
| CrowdStrike Holdings, Inc. | -0.15 | 0.03 | 0.11 | 70 | Technology |
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