Looking to diversify beyond SPTL? The ETFs below have the lowest correlation with SPTL — 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 SPTL.
Best Diversifiers for SPTL
1092 ETFs have low correlation with SPTL (below 0.3), 59 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.42 | -0.43 | 63 | Leveraged Currency | SPTL vs YCS | |
| United States Gasoline Fund LP | -0.40 | -0.19 | -0.17 | 55 | Oil & Gas | SPTL vs UGA | |
| Fidelity Managed Futures ETF | -0.30 | — | — | 64 | Systematic Trend | SPTL vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.29 | -0.13 | -0.13 | 75 | Commodities | SPTL vs FAAR | |
| VanEck Commodity Strategy ETF | -0.28 | -0.12 | — | 57 | Commodities | SPTL vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPTL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPTL and solid risk/return profiles. The least correlated is Antero Midstream Corporation (AM) (Energy) with a 1Y correlation of -0.06, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.06 | 0.05 | -0.03 | 75 | Energy | |
| Kinder Morgan, Inc. | -0.00 | 0.11 | 0.01 | 72 | Energy | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.35 | 0.51 | 0.44 | 79 | Financial Services | |
| Nuveen Quality Municipal Income Fund | 0.37 | 0.53 | 0.46 | 79 | Financial Services |
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