Looking to balance out your exposure to SPNT? The ETFs below have the lowest correlation with SPNT — they tend to move on their own, which can help reduce risk when SPNT drops. The stock ideas table highlights individual companies that behave independently from SPNT.
Best Diversifiers for SPNT
1 ETFs have low correlation with SPNT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.11, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.11 | 0.18 | 0.25 | 73 | Nasdaq-100 | SPNT vs QQQ |
Diversification Analysis
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