Looking to balance out your exposure to SPR? The ETFs below have the lowest correlation with SPR — they tend to move on their own, which can help reduce risk when SPR drops. The stock ideas table highlights individual companies that behave independently from SPR.
Best Diversifiers for SPR
4 ETFs have low correlation with SPR (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Kensho Final Frontiers ETF (ROKT) (Industrials Equities) with a 1Y correlation of 0.24, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Kensho Final Frontiers ETF | 0.24 | 0.34 | 0.48 | 94 | Industrials Equities | SPR vs ROKT | |
| ProShares Ultra QQQ | 0.24 | 0.21 | 0.34 | 70 | Leveraged Equities | SPR vs QLD | |
| Vanguard S&P 500 ETF | 0.25 | 0.26 | 0.40 | 74 | S&P 500 | SPR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.26 | 0.40 | 74 | S&P 500 | SPR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPR and solid risk/return profiles. The least correlated is TORM plc (TRMD) (Energy) with a 1Y correlation of 0.08, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TORM plc | 0.08 | 0.11 | 0.14 | 88 | Energy | |
| Woodward, Inc. | 0.09 | 0.21 | 0.39 | 83 | Industrials | |
| General Electric Company | 0.11 | 0.22 | 0.40 | 69 | Industrials | |
| General Dynamics Corporation | 0.12 | 0.18 | 0.30 | 76 | ||
| Textron Inc. | 0.12 | 0.23 | 0.42 | 66 | Industrials |
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