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
1152 ETFs have low correlation with SPTL (below 0.3), 86 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.40 | -0.23 | -0.19 | 53 | Oil & Gas | SPTL vs DBE | |
| United States Gasoline Fund LP | -0.40 | -0.20 | -0.17 | 78 | Oil & Gas | SPTL vs UGA | |
| ProShares UltraShort Yen | -0.39 | -0.42 | -0.43 | 72 | Leveraged Currency | SPTL vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.38 | -0.34 | -0.26 | 51 | Currency | SPTL vs UUP | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.18 | -0.16 | 51 | Commodities | SPTL vs GSG |
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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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.26, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.26 | -0.10 | -0.15 | 62 | Energy | |
| Antero Midstream Corporation | -0.08 | 0.05 | -0.02 | 85 | Energy | |
| Kinder Morgan, Inc. | -0.02 | 0.11 | 0.02 | 77 | Energy | |
| Enbridge Inc. | 0.07 | 0.18 | 0.08 | 88 | Energy | |
| PIMCO Dynamic Income Opportunities Fund | 0.13 | 0.23 | 0.19 | 69 | Financial Services |
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