Looking to diversify beyond SPYI? The ETFs below have historically moved differently from SPYI, 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 SPYI
313 ETFs have low correlation with SPYI (below 0.3), 72 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 69 | Derivative Income | SPYI vs WNTR | |
| ProShares Short Bitcoin ETF | -0.47 | -0.37 | — | 51 | Cryptocurrency | SPYI vs BITI | |
| Invesco DB Energy Fund | -0.27 | -0.08 | — | 66 | Oil & Gas | SPYI vs DBE | |
| Invesco DB Oil Fund | -0.22 | -0.05 | 0.05 | 51 | Oil & Gas | SPYI vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | SPYI vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPYI, 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 -0.26, down from -0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.03 | — | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.26 | -0.06 | 0.08 | 52 | Utilities | |
| Chevron Corporation | -0.22 | 0.05 | 0.17 | 79 | Energy | |
| Exxon Mobil Corporation | -0.21 | 0.02 | — | 85 | Energy | |
| Occidental Petroleum Corporation | -0.21 | 0.07 | 0.17 | 68 | Energy |
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