Looking to diversify beyond SPYI? The ETFs below have the lowest correlation with SPYI — 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 SPYI.
Best Diversifiers for SPYI
282 ETFs have low correlation with SPYI (below 0.3), 58 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 -0.48, roughly unchanged from -0.46 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | -0.46 | — | 68 | Inverse Equities, Leveraged Equities | SPYI vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.36 | -0.36 | 57 | Cryptocurrency | SPYI vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 70 | Derivative Income | SPYI vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SPYI vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.32 | -0.22 | — | 51 | Currency | SPYI vs UUP |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPYI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPYI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.25, down from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.25 | -0.02 | — | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.22 | -0.04 | 0.09 | 66 | Utilities | |
| Waste Management, Inc. | -0.20 | 0.09 | 0.17 | 53 | Industrials | |
| Chevron Corporation | -0.18 | 0.06 | — | 70 | Energy | |
| Exxon Mobil Corporation | -0.18 | 0.03 | — | 75 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SPYI
Add SPYI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPYI