Looking to diversify beyond SPSB? The ETFs below have the lowest correlation with SPSB — 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 SPSB.
Best Diversifiers for SPSB
607 ETFs have low correlation with SPSB (below 0.3), 59 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.47 | -0.49 | 75 | Leveraged Currency | SPSB vs YCS | |
| United States Gasoline Fund LP | -0.35 | -0.17 | -0.09 | 72 | Oil & Gas | SPSB vs UGA | |
| Fidelity Managed Futures ETF | -0.29 | — | — | 66 | Systematic Trend | SPSB vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.27 | -0.10 | -0.03 | 51 | Commodities | SPSB vs PDBC | |
| Bastion Energy ETF | -0.23 | — | — | 86 | Energy Equities | SPSB vs BESF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPSB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPSB and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.25, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.25 | -0.07 | -0.04 | 71 | Energy | |
| Equinor ASA | -0.24 | -0.02 | 0.01 | 71 | Energy | |
| Chevron Corporation | -0.23 | -0.07 | -0.03 | 67 | Energy | |
| TotalEnergies SE | -0.07 | -0.01 | -0.03 | 78 | Energy | |
| Altria Group, Inc. | -0.05 | 0.10 | 0.07 | 79 | Consumer Defensive |
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