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
276 ETFs have low correlation with SPYI (below 0.3), 68 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.07 | — | 71 | Oil & Gas | SPYI vs DBE | |
| United States Oil Fund LP | -0.31 | -0.07 | — | 66 | Oil & Gas | SPYI vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.06 | — | 65 | Oil & Gas | SPYI vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.04 | — | 55 | Oil & Gas | SPYI vs OILK | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | — | — | 56 | Derivative Income | SPYI vs USOY |
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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 -0.18, down from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.01 | — | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.14 | 0.05 | — | 85 | Energy | |
| Duke Energy Corporation | -0.14 | -0.01 | 0.09 | 53 | Utilities | |
| Chevron Corporation | -0.13 | 0.09 | — | 83 | Energy | |
| ConocoPhillips Company | -0.11 | 0.08 | 0.15 | 76 | Energy |
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