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
313 ETFs have low correlation with SPXN (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, down from -0.37 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.37 | — | 52 | Cryptocurrency | SPXN vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | -0.46 | -0.46 | 70 | Inverse Equities, Leveraged Equities | SPXN vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 73 | Derivative Income | SPXN vs WNTR | |
| Invesco DB Energy Fund | -0.25 | -0.07 | 0.08 | 57 | Oil & Gas | SPXN vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | SPXN vs IBIC |
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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 0.64, roughly unchanged from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.64 | 0.67 | 0.72 | 63 | Technology |
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