Looking to balance out your exposure to SPT? The ETFs below have the lowest correlation with SPT — they tend to move on their own, which can help reduce risk when SPT drops. The stock ideas table highlights individual companies that behave independently from SPT.
Best Diversifiers for SPT
1 ETFs have low correlation with SPT (below 0.3), 0 of which are negatively correlated. The least correlated is Capital Group Dividend Value ETF (CGDV) (Large Cap Value Equities) with a 1Y correlation of 0.10, down from 0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Capital Group Dividend Value ETF | 0.11 | 0.35 | — | 76 | Large Cap Value Equities, Dividend | SPT vs CGDV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPT and solid risk/return profiles. The least correlated is Okta, Inc. (OKTA) (Technology) with a 1Y correlation of 0.55, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Okta, Inc. | 0.55 | 0.51 | 0.58 | 53 | Technology |
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