Looking to balance out your exposure to SPRY? The ETFs below have the lowest correlation with SPRY — they tend to move on their own, which can help reduce risk when SPRY drops. The stock ideas table highlights individual companies that behave independently from SPRY.
Best Diversifiers for SPRY
1 ETFs have low correlation with SPRY (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.17, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.22 | 0.23 | 85 | Dividend | SPRY vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPRY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPRY and solid risk/return profiles. The least correlated is Edgewise Therapeutics Inc (EWTX) (Healthcare) with a 1Y correlation of 0.26, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Edgewise Therapeutics Inc | 0.26 | 0.30 | 0.27 | 90 | Healthcare |
Build a portfolio that complements SPRY
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