Looking to diversify beyond SPYC? The ETFs below have the lowest correlation with SPYC — 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 SPYC.
Best Diversifiers for SPYC
280 ETFs have low correlation with SPYC (below 0.3), 70 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.06 | 0.06 | 71 | Oil & Gas | SPYC vs DBE | |
| United States Oil Fund LP | -0.29 | -0.06 | 0.06 | 66 | Oil & Gas | SPYC vs USO | |
| United States Brent Oil Fund LP | -0.27 | -0.05 | 0.06 | 65 | Oil & Gas | SPYC vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 56 | Derivative Income | SPYC vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.25 | -0.02 | 0.08 | 55 | Oil & Gas | SPYC vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPYC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPYC and solid risk/return profiles. The least correlated is United Parcel Service, Inc. (UPS) (Industrials) with a 1Y correlation of 0.37, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Parcel Service, Inc. | 0.37 | 0.40 | 0.51 | 57 | Industrials |
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