Looking to balance out your exposure to SPRO? The ETFs below have the lowest correlation with SPRO — they tend to move on their own, which can help reduce risk when SPRO drops. The stock ideas table highlights individual companies that behave independently from SPRO.
Best Diversifiers for SPRO
2 ETFs have low correlation with SPRO (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro QQQ (TQQQ) (Leveraged Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | 0.22 | 0.21 | 0.25 | 71 | Leveraged Equities | SPRO vs TQQQ | |
| Spear Alpha ETF | 0.26 | 0.24 | — | 73 | Technology Equities | SPRO vs SPRX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPRO and solid risk/return profiles. The least correlated is Tarsus Pharmaceuticals, Inc. (TARS) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tarsus Pharmaceuticals, Inc. | 0.07 | 0.11 | 0.16 | 68 | Healthcare | |
| Arcutis Biotherapeutics, Inc. | 0.25 | 0.20 | 0.25 | 73 | Healthcare | |
| CRISPR Therapeutics AG | 0.29 | 0.30 | 0.30 | 64 | Healthcare | |
| Intellia Therapeutics, Inc. | 0.31 | 0.30 | 0.32 | 68 | Healthcare |
Build a portfolio that complements SPRO
Add SPRO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPRO