Looking to diversify beyond SPSB? The ETFs below have historically moved differently from SPSB, 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 SPSB
645 ETFs have low correlation with SPSB (below 0.3), 102 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.48 | -0.49 | 56 | Leveraged Currency | SPSB vs YCS | |
| Invesco DB Oil Fund | -0.38 | -0.17 | -0.09 | 58 | Oil & Gas | SPSB vs DBO | |
| United States Brent Oil Fund LP | -0.37 | -0.17 | -0.09 | 52 | Oil & Gas | SPSB vs BNO | |
| United States Oil Fund LP | -0.36 | -0.17 | -0.09 | 55 | Oil & Gas | SPSB vs USO | |
| Invesco DB Energy Fund | -0.36 | -0.17 | -0.09 | 72 | Oil & Gas | SPSB vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPSB, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.27, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.27 | -0.08 | -0.05 | 84 | Energy | |
| Equinor ASA | -0.27 | -0.03 | 0.01 | 86 | Energy | |
| Chevron Corporation | -0.24 | -0.08 | -0.04 | 80 | Energy | |
| TotalEnergies SE | -0.09 | -0.03 | -0.04 | 91 | Energy | |
| Altria Group, Inc. | -0.05 | 0.10 | 0.06 | 66 | Consumer Defensive |
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