Looking to balance out your exposure to SPSC? The ETFs below have the lowest correlation with SPSC — they tend to move on their own, which can help reduce risk when SPSC drops. The stock ideas table highlights individual companies that behave independently from SPSC.
Best Diversifiers for SPSC
2 ETFs have low correlation with SPSC (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.26, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.26 | 0.42 | 0.53 | 83 | Technology Equities | SPSC vs XLK | |
| Vanguard Information Technology ETF | 0.28 | 0.45 | 0.55 | 76 | Technology Equities | SPSC vs VGT | |
| Vanguard S&P 500 ETF | 0.32 | 0.49 | 0.56 | 70 | S&P 500 | SPSC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPSC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPSC and solid risk/return profiles. The least correlated is Enphase Energy, Inc. (ENPH) (Technology) with a 1Y correlation of 0.10, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enphase Energy, Inc. | 0.10 | 0.20 | 0.30 | 65 | Technology | |
| InterDigital, Inc. | 0.10 | 0.29 | 0.36 | 51 | Communication Services | |
| ePlus inc. | 0.34 | 0.42 | 0.42 | 52 | Technology | |
| Fortinet, Inc. | 0.35 | 0.39 | 0.49 | 66 | Technology | |
| Palo Alto Networks, Inc. | 0.37 | 0.42 | 0.46 | 67 | Technology |
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