Looking to diversify beyond SPSK? The ETFs below have the lowest correlation with SPSK — 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 SPSK.
Best Diversifiers for SPSK
999 ETFs have low correlation with SPSK (below 0.3), 54 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.31 | -0.08 | -0.06 | 72 | Oil & Gas | SPSK vs UGA | |
| ProShares UltraShort Yen | -0.26 | -0.21 | -0.26 | 75 | Leveraged Currency | SPSK vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.25 | -0.04 | -0.01 | 51 | Commodities | SPSK vs PDBC | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.23 | -0.03 | 0.01 | 65 | Commodities | SPSK vs SDCI | |
| United States Commodity Index Fund | -0.21 | -0.03 | 0.01 | 65 | Commodities | SPSK vs USCI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPSK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPSK and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | -0.09 | -0.04 | 71 | Energy | |
| NVIDIA Corporation | 0.03 | 0.07 | 0.08 | 69 | Technology | |
| Welltower Inc. | 0.05 | 0.07 | 0.10 | 92 | Real Estate | |
| Micron Technology, Inc. | 0.05 | 0.07 | 0.06 | 99 | Technology | |
| Sandisk Corporation | 0.09 | — | — | 100 | Technology |
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