Looking to diversify beyond SPXU? The ETFs below have historically moved differently from SPXU, 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 SPXU
1645 ETFs have low correlation with SPXU (below 0.3), 1584 of which are negatively correlated. The least correlated is Direxion Daily S&P 500 Bull 3X ETF (SPXL) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bull 3X ETF | -1.00 | -1.00 | -1.00 | 59 | Leveraged Equities, S&P 500 | SPXU vs SPXL | |
| ProShares UltraPro S&P 500 | -1.00 | -1.00 | -1.00 | 59 | Leveraged Equities, S&P 500 | SPXU vs UPRO | |
| ProShares Ultra S&P500 | -1.00 | -1.00 | -1.00 | 61 | Leveraged Equities, S&P 500 | SPXU vs SSO | |
| State Street SPDR S&P 500 ETF | -1.00 | -1.00 | -1.00 | 71 | S&P 500 | SPXU vs SPY | |
| State Street SPDR Portfolio S&P 500 ETF | -1.00 | -1.00 | -1.00 | 72 | S&P 500 | SPXU vs SPYM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPXU, 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 The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of -0.68, roughly unchanged from -0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | -0.68 | -0.65 | -0.67 | 83 | Financial Services | |
| ASML Holding N.V. | -0.64 | -0.64 | -0.69 | 96 | Technology | |
| Interactive Brokers Group, Inc. | -0.63 | -0.48 | -0.49 | 74 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.63 | -0.62 | -0.63 | 89 | Technology | |
| NVIDIA Corporation | -0.62 | -0.64 | -0.70 | 63 | Technology |
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