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Looking to diversify beyond SPXT? The ETFs below have the lowest correlation with SPXT — 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 SPXT.

Best Diversifiers for SPXT

199 ETFs have low correlation with SPXT (below 0.3), 19 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, down from -0.05 over 5 years.


See all 1574 diversifiers for SPXT

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SPXT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPXT and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.23, down from 0.48 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
NVIDIA Corporation0.230.330.48
76
Technology
Taiwan Semiconductor Manufacturing Company Limited0.350.400.46
95
Technology
UnitedHealth Group Incorporated0.370.240.35
68
Healthcare
ASML Holding N.V.0.430.460.57
96
Technology
SPX Corporation0.450.560.59
81
Industrials

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Diversification Analysis

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