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
385 ETFs have low correlation with SPRE (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.24 | -0.18 | 63 | Leveraged Currency | SPRE vs YCS | |
| United States Gasoline Fund LP | -0.23 | -0.07 | 0.02 | 55 | Oil & Gas | SPRE vs UGA | |
| Fidelity Managed Futures ETF | -0.11 | — | — | 64 | Systematic Trend | SPRE vs FFUT | |
| VanEck Commodity Strategy ETF | -0.10 | 0.00 | — | 57 | Commodities | SPRE vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.09 | -0.04 | -0.04 | 75 | Commodities | SPRE vs FAAR |
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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 -0.02, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.02 | 0.12 | 0.15 | 72 | Energy | |
| NVIDIA Corporation | 0.04 | 0.11 | 0.26 | 72 | Technology | |
| Sandisk Corporation | 0.08 | 0.15 | 0.15 | 100 | Technology | |
| Micron Technology, Inc. | 0.08 | 0.16 | 0.24 | 99 | Technology | |
| Eli Lilly and Company | 0.14 | 0.22 | 0.27 | 74 | Healthcare |
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