Looking to diversify beyond SPXU? The ETFs below have the lowest correlation with SPXU — 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 SPXU.
Best Diversifiers for SPXU
1465 ETFs have low correlation with SPXU (below 0.3), 1439 of which are negatively correlated. The least correlated is ProShares Ultra S&P500 (SSO) (Leveraged Equities) 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 |
|---|---|---|---|---|---|---|---|
| ProShares Ultra S&P500 | -1.00 | -1.00 | -1.00 | 50 | Leveraged Equities, S&P 500 | SPXU vs SSO | |
| State Street SPDR Portfolio S&P 500 ETF | -1.00 | -1.00 | -1.00 | 59 | S&P 500 | SPXU vs SPYM | |
| Vanguard S&P 500 ETF | -1.00 | -1.00 | -1.00 | 59 | S&P 500 | SPXU vs VOO | |
| iShares Core S&P 500 ETF | -1.00 | -1.00 | -1.00 | 59 | S&P 500 | SPXU vs IVV | |
| State Street SPDR S&P 500 ETF | -1.00 | -1.00 | -1.00 | 59 | S&P 500 | SPXU vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPXU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPXU and solid risk/return profiles. 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | -0.68 | -0.64 | -0.67 | 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 | -0.61 | -0.62 | -0.65 | 98 | Technology |
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