Looking to diversify beyond SPYD? The ETFs below have the lowest correlation with SPYD — 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 SPYD.
Best Diversifiers for SPYD
842 ETFs have low correlation with SPYD (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.17 | -0.11 | 72 | Leveraged Currency | SPYD vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.23 | -0.24 | -0.30 | 51 | Currency | SPYD vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.17 | — | — | 68 | Inverse Equities, Leveraged Equities | SPYD vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.16 | -0.20 | -0.25 | 57 | Cryptocurrency | SPYD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.15 | -0.19 | -0.19 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SPYD vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPYD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPYD and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.18, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.18 | -0.01 | 0.20 | 65 | Technology | |
| Credo Technology Group Holding Ltd | -0.15 | 0.02 | 0.15 | 83 | Technology | |
| Broadcom Inc. | -0.15 | 0.03 | 0.23 | 71 | Technology | |
| Nebius Group N.V. | -0.09 | 0.02 | 0.02 | 96 | Communication Services | |
| Micron Technology, Inc. | -0.07 | 0.08 | 0.24 | 99 | Technology |
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