Looking to diversify beyond SPYG? The ETFs below have historically moved differently from SPYG, 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 SPYG
436 ETFs have low correlation with SPYG (below 0.3), 105 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.36 | — | 51 | Cryptocurrency | SPYG vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 69 | Derivative Income | SPYG vs WNTR | |
| YieldMax XOM Option Income Strategy ETF | -0.28 | -0.07 | -0.07 | 52 | Derivative Income, Dividend | SPYG vs XOMO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | — | — | 98 | Inflation-Protected Bonds | SPYG vs IBIC | |
| Strive U.S. Energy ETF | -0.23 | 0.02 | 0.15 | 68 | Energy Equities | SPYG vs DRLL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPYG, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.38, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.38 | -0.15 | -0.00 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.37 | -0.19 | -0.01 | 52 | Utilities | |
| The Coca-Cola Company | -0.32 | -0.12 | 0.11 | 87 | Consumer Defensive | |
| Chubb Limited | -0.32 | -0.06 | 0.12 | 87 | Financial Services | |
| Verizon Communications Inc. | -0.27 | -0.14 | 0.01 | 66 | Communication Services |
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