Looking to diversify beyond SPXS? The ETFs below have the lowest correlation with SPXS — 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 SPXS.
Best Diversifiers for SPXS
1455 ETFs have low correlation with SPXS (below 0.3), 1424 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -1.00 | -1.00 | -1.00 | 59 | S&P 500 | SPXS vs SPY | |
| Vanguard S&P 500 ETF | -1.00 | -1.00 | -1.00 | 59 | S&P 500 | SPXS vs VOO | |
| State Street SPDR Portfolio S&P 500 ETF | -1.00 | -1.00 | -1.00 | 59 | S&P 500 | SPXS vs SPYM | |
| ProShares Ultra S&P500 | -1.00 | -1.00 | -1.00 | 50 | Leveraged Equities, S&P 500 | SPXS vs SSO | |
| JPMorgan BetaBuilders U.S. Equity ETF | -1.00 | -1.00 | -1.00 | 56 | Large Cap Blend Equities | SPXS vs BBUS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPXS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPXS and solid risk/return profiles. The least correlated is The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of -0.66, roughly unchanged from -0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | -0.66 | -0.60 | -0.63 | 90 | Financial Services | |
| Brookfield Corporation | -0.65 | -0.65 | -0.68 | 53 | Financial Services | |
| Morgan Stanley | -0.63 | -0.57 | -0.61 | 92 | Financial Services | |
| Interactive Brokers Group, Inc. | -0.62 | -0.46 | -0.49 | 90 | Financial Services | |
| Lam Research Corporation | -0.60 | -0.62 | -0.64 | 98 | Technology |
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Build a portfolio that complements SPXS
Add SPXS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPXS