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
362 ETFs have low correlation with SPYG (below 0.3), 74 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.47, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | -0.46 | -0.46 | 65 | Inverse Equities, Leveraged Equities | SPYG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 70 | Derivative Income | SPYG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.45 | -0.35 | -0.38 | 53 | Cryptocurrency | SPYG vs BITI | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | SPYG vs IBIC | |
| Invesco DB Energy Fund | -0.22 | -0.06 | 0.06 | 57 | Oil & Gas | SPYG vs DBE |
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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 -0.35, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.35 | -0.14 | 0.01 | 78 | Consumer Defensive | |
| Duke Energy Corporation | -0.31 | -0.15 | -0.00 | 65 | Utilities | |
| Chubb Limited | -0.30 | -0.06 | 0.13 | 83 | Financial Services | |
| The Coca-Cola Company | -0.30 | -0.11 | 0.12 | 82 | Consumer Defensive | |
| Verizon Communications Inc. | -0.29 | -0.13 | 0.02 | 57 | Communication Services |
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