Looking to diversify beyond SPOG? The ETFs below have historically moved differently from SPOG, 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 SPOG
1236 ETFs have low correlation with SPOG (below 0.3), 146 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Managed Futures Active ETF | -0.15 | — | — | 91 | Systematic Trend | SPOG vs ISMF | |
| SPDR S&P Regional Banking ETF | -0.09 | -0.09 | -0.09 | 60 | Financials Equities | SPOG vs KRE | |
| Direxion Daily Regional Banks Bull 3X Shares | -0.09 | -0.09 | -0.09 | 52 | Leveraged Equities | SPOG vs DPST | |
| ASML Holding NV ADR Hedged ETF | -0.09 | -0.09 | -0.09 | 95 | Technology Equities | SPOG vs ASMH | |
| State Street SPDR S&P Bank ETF | -0.08 | -0.08 | -0.08 | 57 | Financials Equities | SPOG vs KBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPOG, 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 Modine Manufacturing Company (MOD) (Consumer Cyclical) with a 1Y correlation of -0.16, roughly unchanged from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Modine Manufacturing Company | -0.16 | -0.16 | -0.16 | 68 | Consumer Cyclical | |
| Sterling Infrastructure, Inc. | -0.15 | -0.15 | -0.15 | 85 | Industrials | |
| Comfort Systems USA, Inc. | -0.10 | -0.10 | -0.10 | 95 | Industrials | |
| Bel Fuse Inc. | -0.09 | -0.09 | -0.09 | 86 | Technology | |
| Ciena Corporation | -0.07 | -0.07 | -0.07 | 98 | Technology |
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