Looking to diversify beyond SPYG? The ETFs below have the lowest correlation with SPYG — 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 SPYG.
Best Diversifiers for SPYG
339 ETFs have low correlation with SPYG (below 0.3), 81 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.30 | -0.06 | 0.04 | 66 | Oil & Gas | SPYG vs USO | |
| Invesco DB Energy Fund | -0.30 | -0.07 | 0.06 | 71 | Oil & Gas | SPYG vs DBE | |
| United States Brent Oil Fund LP | -0.29 | -0.06 | 0.04 | 65 | Oil & Gas | SPYG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | -0.07 | -0.07 | 56 | Derivative Income | SPYG vs USOY | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.28 | -0.08 | -0.08 | 98 | Inflation-Protected Bonds | SPYG vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPYG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPYG and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.10 | 0.03 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.25 | -0.13 | 0.01 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.21 | -0.03 | 0.09 | 85 | Energy | |
| Verizon Communications Inc. | -0.20 | -0.08 | 0.03 | 59 | Communication Services | |
| ConocoPhillips Company | -0.19 | -0.00 | 0.12 | 76 | Energy |
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