Looking to diversify beyond SPRX? The ETFs below have the lowest correlation with SPRX — 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 SPRX.
Best Diversifiers for SPRX
392 ETFs have low correlation with SPRX (below 0.3), 81 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 60 | Inverse Equities, Leveraged Equities | SPRX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 65 | Derivative Income | SPRX vs WNTR | |
| Texas Capital Government Money Market ETF | -0.19 | — | — | 100 | Money Market | SPRX vs MMKT | |
| Brookstone Ultra-Short Bond ETF | -0.19 | -0.03 | -0.03 | 99 | Ultrashort Bond | SPRX vs BAMU | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.18 | — | — | 96 | Inflation-Protected Bonds | SPRX vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPRX and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.14, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.14 | -0.04 | — | 77 | Healthcare | |
| Chevron Corporation | -0.11 | 0.01 | — | 67 | Energy | |
| FLEX LNG Ltd | -0.06 | 0.07 | — | 88 | Energy | |
| Enterprise Products Partners L.P. | -0.05 | 0.12 | — | 83 | Energy | |
| MPLX LP | 0.00 | 0.17 | — | 82 | Energy |
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