Looking to diversify beyond SPXN? The ETFs below have the lowest correlation with SPXN — 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 SPXN.
Best Diversifiers for SPXN
283 ETFs have low correlation with SPXN (below 0.3), 70 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.31 | -0.07 | 0.06 | 66 | Oil & Gas | SPXN vs USO | |
| Invesco DB Energy Fund | -0.31 | -0.07 | 0.08 | 71 | Oil & Gas | SPXN vs DBE | |
| United States Brent Oil Fund LP | -0.29 | -0.06 | 0.07 | 65 | Oil & Gas | SPXN vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | -0.08 | -0.08 | 56 | Derivative Income | SPXN vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | -0.03 | 0.09 | 55 | Oil & Gas | SPXN vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPXN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPXN and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.61, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.61 | 0.66 | 0.71 | 78 | Technology |
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