Looking to balance out your exposure to SPTN? The ETFs below have the lowest correlation with SPTN — they tend to move on their own, which can help reduce risk when SPTN drops. The stock ideas table highlights individual companies that behave independently from SPTN.
Best Diversifiers for SPTN
1 ETFs have low correlation with SPTN (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Value ETF (VTV) (Large Cap Value Equities) with a 1Y correlation of 0.03, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Value ETF | 0.03 | 0.25 | 0.33 | 79 | Large Cap Value Equities | SPTN vs VTV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPTN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPTN and solid risk/return profiles. The least correlated is PriceSmart, Inc. (PSMT) (Consumer Defensive) with a 1Y correlation of 0.04, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PriceSmart, Inc. | 0.04 | 0.27 | 0.32 | 90 | Consumer Defensive | |
| Lumen Technologies, Inc. | 0.08 | 0.13 | 0.20 | 81 | Communication Services |
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