Looking to diversify beyond SPRE? The ETFs below have the lowest correlation with SPRE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SPRE.
Best Diversifiers for SPRE
519 ETFs have low correlation with SPRE (below 0.3), 42 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.43 | -0.43 | -0.43 | 99 | Leveraged Equities, Semiconductors | SPRE vs MUU | |
| ProShares UltraShort Yen | -0.40 | -0.25 | -0.18 | 72 | Leveraged Currency | SPRE vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.39 | -0.31 | -0.32 | 51 | Currency | SPRE vs UUP | |
| United States Gasoline Fund LP | -0.25 | -0.07 | 0.01 | 78 | Oil & Gas | SPRE vs UGA | |
| Invesco DB Energy Fund | -0.24 | -0.10 | 0.01 | 53 | Oil & Gas | SPRE vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPRE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPRE and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.01 | 0.12 | 0.16 | 75 | Energy | |
| NVIDIA Corporation | 0.01 | 0.10 | 0.26 | 65 | Technology | |
| Sandisk Corporation | 0.04 | — | — | 100 | Technology | |
| Micron Technology, Inc. | 0.05 | 0.15 | 0.24 | 99 | Technology | |
| Eli Lilly and Company | 0.16 | 0.21 | 0.26 | 80 | Healthcare |
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