Looking to diversify beyond SPWO? The ETFs below have the lowest correlation with SPWO — 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 SPWO.
Best Diversifiers for SPWO
300 ETFs have low correlation with SPWO (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.34 | -0.34 | 52 | Cryptocurrency | SPWO vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 70 | Inverse Equities, Leveraged Equities | SPWO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 73 | Derivative Income | SPWO vs WNTR | |
| ProShares UltraShort Yen | -0.27 | -0.13 | -0.13 | 73 | Leveraged Currency | SPWO vs YCS | |
| Invesco DB Energy Fund | -0.27 | -0.05 | -0.05 | 57 | Oil & Gas | SPWO vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPWO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPWO and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.29, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.29 | -0.11 | -0.11 | 82 | Financial Services | |
| Waste Management, Inc. | -0.29 | -0.07 | -0.07 | 56 | Industrials | |
| Altria Group, Inc. | -0.25 | -0.15 | -0.15 | 80 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | -0.12 | -0.12 | 64 | Utilities | |
| Verizon Communications Inc. | -0.18 | -0.10 | -0.10 | 61 | Communication Services |
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