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
274 ETFs have low correlation with SPOT (below 0.3), 18 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.09, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.09 | 0.01 | 0.02 | 100 | Government Bonds, Ultrashort Bond | SPOT vs USFR | |
| Fidelity MSCI Energy Index ETF | -0.08 | -0.01 | 0.07 | 64 | Energy Equities | SPOT vs FENY | |
| Global X SuperDividend ETF | -0.07 | 0.08 | 0.22 | 61 | Global Equities, Dividend | SPOT vs SDIV | |
| Vanguard Energy ETF | -0.06 | -0.01 | 0.07 | 64 | Energy Equities | SPOT vs VDE | |
| iShares Global Energy ETF | -0.06 | 0.00 | 0.09 | 76 | Energy Equities | SPOT vs IXC |
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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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.13, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.13 | -0.12 | -0.04 | 92 | Healthcare | |
| TotalEnergies SE | -0.13 | -0.05 | 0.06 | 90 | Energy | |
| Enterprise Products Partners L.P. | -0.12 | 0.04 | 0.13 | 85 | Energy | |
| Altria Group, Inc. | -0.10 | -0.07 | 0.01 | 69 | Consumer Defensive | |
| Millicom International Cellular S.A. | -0.10 | 0.05 | 0.14 | 97 | Communication Services |
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