Looking to diversify beyond SPYT? The ETFs below have the lowest correlation with SPYT — 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 SPYT.
Best Diversifiers for SPYT
276 ETFs have low correlation with SPYT (below 0.3), 61 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | — | — | 60 | Inverse Equities | SPYT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 68 | Inverse Equities, Leveraged Equities | SPYT vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.40 | -0.40 | 57 | Cryptocurrency | SPYT vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 70 | Derivative Income | SPYT vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SPYT vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPYT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPYT and solid risk/return profiles. The least correlated is PIMCO Dynamic Income Opportunities Fund (PDO) (Financial Services) with a 1Y correlation of 0.35, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PIMCO Dynamic Income Opportunities Fund | 0.35 | 0.35 | 0.35 | 69 | Financial Services | |
| AGNC Investment Corp. | 0.41 | — | — | 83 | Real Estate | |
| Reaves Utility Income Trust | 0.43 | — | — | 74 | Financial Services | |
| NVIDIA Corporation | 0.58 | 0.62 | 0.62 | 65 | Technology | |
| BlackRock Science and Technology Term Trust | 0.66 | 0.68 | 0.68 | 93 | Financial Services |
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