Looking to balance out your exposure to SPXC? The ETFs below have the lowest correlation with SPXC — they tend to move on their own, which can help reduce risk when SPXC drops. The stock ideas table highlights individual companies that behave independently from SPXC.
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 0.37, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Biotech ETF | 0.37 | 0.42 | 0.41 | 74 | Health & Biotech Equities | SPXC vs XBI | |
| FT Vest U.S. Equity Buffer ETF - October | 0.48 | 0.51 | 0.55 | 79 | Defined Outcome | SPXC vs FOCT | |
| ProShares UltraPro S&P 500 | 0.51 | 0.57 | 0.60 | 62 | Leveraged Equities, S&P 500 | SPXC vs UPRO | |
| Direxion Daily S&P 500 Bull 3X ETF | 0.51 | 0.57 | 0.60 | 63 | Leveraged Equities, S&P 500 | SPXC vs SPXL | |
| State Street SPDR S&P 500 ETF | 0.51 | 0.57 | 0.60 | 70 | S&P 500 | SPXC vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPXC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPXC and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.09, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.09 | 0.08 | 0.21 | 62 | Consumer Cyclical | |
| CVS Health Corporation | 0.07 | 0.12 | 0.20 | 80 | Healthcare | |
| United States Antimony Corporation | 0.14 | 0.19 | 0.16 | 82 | Basic Materials | |
| Praxis Precision Medicines, Inc. | 0.16 | 0.18 | 0.18 | 98 | Healthcare | |
| Natera, Inc. | 0.16 | 0.28 | 0.30 | 62 | Healthcare |
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