Looking to diversify beyond SPRX? The ETFs below have historically moved differently from SPRX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SPRX
511 ETFs have low correlation with SPRX (below 0.3), 137 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.49 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SPRX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.49 | -0.38 | — | 61 | Cryptocurrency | SPRX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 61 | Inverse Equities, Leveraged Equities | SPRX vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 75 | Derivative Income | SPRX vs WNTR | |
| iShares U.S. Insurance ETF | -0.29 | -0.04 | — | 53 | Financials Equities | SPRX vs IAK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPRX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.21, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.21 | 0.02 | 0.21 | 61 | Financial Services | |
| AbbVie Inc. | -0.15 | -0.03 | 0.01 | 81 | Healthcare | |
| Pfizer Inc. | -0.07 | 0.01 | — | 64 | Healthcare | |
| Chevron Corporation | -0.06 | 0.00 | 0.10 | 80 | Energy | |
| MPLX LP | -0.06 | 0.14 | 0.20 | 79 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SPRX
Add SPRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPRX