Looking to balance out your exposure to SPOT? The ETFs below have historically moved differently from SPOT, 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 SPOT
265 ETFs have low correlation with SPOT (below 0.3), 25 of which are negatively correlated. The least correlated is Global X US Infrastructure Development ETF (PAVE) (Infrastructure Equities) with a 1Y correlation of -0.10, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X US Infrastructure Development ETF | -0.10 | 0.15 | 0.29 | 52 | Infrastructure Equities, Industrials Equities | SPOT vs PAVE | |
| First Trust RBA American Industrial Renaissance ET... | -0.10 | 0.14 | 0.28 | 54 | Building & Construction | SPOT vs AIRR | |
| Global X MLP & Energy Infrastructure ETF | -0.07 | 0.09 | 0.17 | 74 | Infrastructure Equities, MLPs | SPOT vs MLPX | |
| State Street Energy Select Sector SPDR ETF | -0.04 | -0.01 | 0.08 | 76 | Energy Equities | SPOT vs XLE | |
| Invesco S&P SmallCap Momentum ETF | -0.03 | 0.18 | 0.32 | 68 | Momentum, Small Cap Growth Equities | SPOT vs XSMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPOT, 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 Caterpillar Inc. (CAT) (Industrials) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Caterpillar Inc. | -0.13 | 0.03 | 0.12 | 92 | Industrials | |
| Powell Industries, Inc. | -0.12 | 0.10 | 0.16 | 93 | Industrials | |
| Reaves Utility Income Trust | -0.12 | 0.06 | 0.17 | 55 | Financial Services | |
| MACOM Technology Solutions Holdings, Inc. | -0.11 | 0.16 | 0.31 | 81 | Technology | |
| Deere & Company | -0.11 | -0.01 | 0.12 | 59 | Industrials |
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