Looking to balance out your exposure to SPOT? The ETFs below have the lowest correlation with SPOT — they tend to move on their own, which can help reduce risk when SPOT drops. The stock ideas table highlights individual companies that behave independently from SPOT.
Best Diversifiers for SPOT
234 ETFs have low correlation with SPOT (below 0.3), 13 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.07, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.07 | 0.02 | 0.02 | 100 | Government Bonds, Ultrashort Bond | SPOT vs USFR | |
| iShares Core High Dividend ETF | -0.05 | -0.00 | 0.14 | 70 | Dividend, Large Cap Value Equities | SPOT vs HDV | |
| Global X SuperDividend ETF | -0.05 | 0.10 | 0.25 | 50 | Global Equities, Dividend | SPOT vs SDIV | |
| Vanguard Short-Term Tax-Exempt Bond ETF | -0.03 | -0.01 | — | 71 | Municipal Bonds | SPOT vs VTES | |
| Global X MLP & Energy Infrastructure ETF | -0.03 | 0.11 | 0.19 | 55 | MLPs | SPOT vs MLPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPOT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPOT and solid risk/return profiles. The least correlated is Millicom International Cellular S.A. (TIGO) (Communication Services) with a 1Y correlation of -0.11, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Millicom International Cellular S.A. | -0.11 | 0.03 | 0.15 | 98 | Communication Services | |
| Johnson & Johnson | -0.10 | -0.12 | -0.04 | 96 | Healthcare | |
| TotalEnergies SE | -0.10 | -0.04 | 0.05 | 79 | Energy | |
| American Healthcare REIT, Inc. | -0.10 | — | — | 80 | Real Estate | |
| Altria Group, Inc. | -0.09 | -0.06 | 0.01 | 72 | Consumer Defensive |
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