Looking to diversify beyond SPTI? The ETFs below have historically moved differently from SPTI, 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 SPTI
1198 ETFs have low correlation with SPTI (below 0.3), 109 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.50 | -0.53 | 56 | Leveraged Currency | SPTI vs YCS | |
| Invesco DB Energy Fund | -0.44 | -0.26 | -0.17 | 72 | Oil & Gas | SPTI vs DBE | |
| United States Brent Oil Fund LP | -0.42 | -0.25 | -0.17 | 52 | Oil & Gas | SPTI vs BNO | |
| United States Oil Fund LP | -0.42 | -0.25 | -0.17 | 55 | Oil & Gas | SPTI vs USO | |
| Invesco DB Oil Fund | -0.41 | -0.25 | -0.17 | 58 | Oil & Gas | SPTI vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPTI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Diamondback Energy, Inc. (FANG) (Energy) with a 1Y correlation of -0.34, down from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Diamondback Energy, Inc. | -0.34 | -0.19 | -0.16 | 79 | Energy | |
| Marvell Technology, Inc. | 0.01 | -0.01 | -0.01 | 87 | Technology | |
| Advanced Micro Devices, Inc. | 0.03 | -0.00 | 0.02 | 94 | Technology | |
| First Solar, Inc. | 0.10 | 0.09 | 0.07 | 58 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.10 | -0.00 | -0.01 | 87 | Technology |
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