Looking to balance out your exposure to SPXC? The ETFs below have historically moved differently from SPXC, 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 SPXC
0 ETFs have low correlation with SPXC (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Biotech ETF (XBI) (Health & Biotech Equities) with a 1Y correlation of 0.31, roughly unchanged from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Biotech ETF | 0.31 | 0.42 | 0.41 | 93 | Health & Biotech Equities | SPXC vs XBI | |
| ProShares S&P 500 Ex-Technology ETF | 0.37 | 0.54 | 0.57 | 74 | S&P 500 | SPXC vs SPXT | |
| FT Vest U.S. Equity Buffer ETF - October | 0.51 | 0.55 | 0.56 | 88 | Defined Outcome | SPXC vs FOCT | |
| ProShares UltraPro S&P 500 | 0.54 | 0.60 | 0.60 | 65 | Leveraged Equities, S&P 500 | SPXC vs UPRO | |
| Direxion Daily S&P 500 Bull 3X ETF | 0.54 | 0.60 | 0.60 | 65 | Leveraged Equities, S&P 500 | SPXC vs SPXL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPXC, 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 Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.16, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.16 | 0.06 | 0.18 | 87 | Consumer Cyclical | |
| California Resources Corporation | -0.12 | 0.17 | 0.22 | 56 | Energy | |
| Strategic Education, Inc. | -0.07 | 0.23 | 0.29 | 59 | Consumer Defensive | |
| ACI Worldwide, Inc. | -0.02 | 0.33 | 0.40 | 74 | Technology | |
| World Kinect Corporation | -0.01 | 0.23 | 0.30 | 89 | Energy |
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