Looking to diversify beyond SPTL? The ETFs below have historically moved differently from SPTL, 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 SPTL
1217 ETFs have low correlation with SPTL (below 0.3), 117 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.24 | -0.19 | 72 | Oil & Gas | SPTL vs DBE | |
| United States Brent Oil Fund LP | -0.41 | -0.23 | -0.20 | 52 | Oil & Gas | SPTL vs BNO | |
| Invesco DB Oil Fund | -0.41 | -0.23 | -0.19 | 58 | Oil & Gas | SPTL vs DBO | |
| United States Oil Fund LP | -0.40 | -0.23 | -0.19 | 55 | Oil & Gas | SPTL vs USO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.39 | -0.20 | -0.16 | 67 | Commodities | SPTL vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPTL, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.27, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.27 | -0.12 | -0.13 | 70 | Energy | |
| Antero Midstream Corporation | -0.13 | 0.02 | -0.02 | 78 | Energy | |
| Kinder Morgan, Inc. | -0.07 | 0.09 | 0.03 | 72 | Energy | |
| Enbridge Inc. | 0.08 | 0.18 | 0.09 | 85 | Energy | |
| PIMCO Dynamic Income Opportunities Fund | 0.15 | 0.23 | 0.20 | 65 | Financial Services |
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