Looking to diversify beyond SPYD? The ETFs below have historically moved differently from SPYD, 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 SPYD
950 ETFs have low correlation with SPYD (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.17 | -0.11 | 56 | Leveraged Currency | SPYD vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.16 | — | — | 61 | Inverse Equities, Leveraged Equities | SPYD vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.14 | — | — | 75 | Derivative Income | SPYD vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.14 | -0.04 | — | 56 | Options Trading | SPYD vs CAOS | |
| Proshares Ultrashort Bitcoin ETF | -0.14 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SPYD vs SBIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPYD, 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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.19, down from -0.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.19 | -0.00 | — | 74 | Technology | |
| NVIDIA Corporation | -0.16 | -0.01 | 0.19 | 56 | Technology | |
| Broadcom Inc. | -0.16 | 0.03 | 0.22 | 67 | Technology | |
| Nebius Group N.V. | -0.11 | -0.01 | -0.01 | 92 | Communication Services | |
| Western Digital Corporation | -0.10 | 0.09 | 0.32 | 99 | Technology |
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