Looking to balance out your exposure to SPXCY? The ETFs below have the lowest correlation with SPXCY — they tend to move on their own, which can help reduce risk when SPXCY drops. The stock ideas table highlights individual companies that behave independently from SPXCY.
Best Diversifiers for SPXCY
1 ETFs have low correlation with SPXCY (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro QQQ (TQQQ) (Leveraged Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | 0.27 | 0.21 | 0.24 | 71 | Leveraged Equities | SPXCY vs TQQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPXCY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPXCY and solid risk/return profiles. The least correlated is Interactive Brokers Group, Inc. (IBKR) (Financial Services) with a 1Y correlation of 0.17, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Interactive Brokers Group, Inc. | 0.17 | 0.12 | 0.16 | 84 | Financial Services | |
| Parker-Hannifin Corporation | 0.21 | 0.18 | 0.21 | 75 | Industrials | |
| Japan Exchange Group Inc ADR | 0.27 | 0.24 | 0.26 | 55 | Financial Services |
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