Looking to diversify beyond SPXT? The ETFs below have historically moved differently from SPXT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SPXT
271 ETFs have low correlation with SPXT (below 0.3), 70 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 61 | Inverse Equities, Leveraged Equities | SPXT vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.35 | -0.32 | — | 61 | Cryptocurrency | SPXT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SPXT vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.32 | — | — | 75 | Derivative Income | SPXT vs WNTR | |
| Invesco DB Energy Fund | -0.32 | -0.12 | 0.07 | 72 | Oil & Gas | SPXT vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPXT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.21, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.21 | 0.31 | 0.48 | 56 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.30 | 0.37 | 0.45 | 87 | Technology | |
| UnitedHealth Group Incorporated | 0.34 | 0.24 | 0.34 | 86 | Healthcare | |
| Berkshire Hathaway Inc. | 0.36 | 0.54 | 0.64 | 61 | Financial Services | |
| ASML Holding N.V. | 0.36 | 0.43 | 0.55 | 96 | Technology |
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