Looking to diversify beyond SPTE? The ETFs below have historically moved differently from SPTE, 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 SPTE
444 ETFs have low correlation with SPTE (below 0.3), 122 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | — | — | 61 | Cryptocurrency | SPTE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SPTE vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 61 | Inverse Equities, Leveraged Equities | SPTE vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 75 | Derivative Income | SPTE vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.30 | — | — | 56 | Options Trading | SPTE vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPTE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.39 | — | — | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.38 | — | — | 56 | Utilities | |
| The Coca-Cola Company | -0.33 | — | — | 90 | Consumer Defensive | |
| Verizon Communications Inc. | -0.32 | — | — | 66 | Communication Services | |
| PepsiCo, Inc. | -0.29 | -0.15 | -0.15 | 50 | Consumer Defensive |
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