Looking to diversify beyond SPYX? The ETFs below have the lowest correlation with SPYX — 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 SPYX.
Best Diversifiers for SPYX
261 ETFs have low correlation with SPYX (below 0.3), 64 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 -0.49, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | -0.46 | -0.46 | 68 | Inverse Equities, Leveraged Equities | SPYX vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.36 | -0.38 | 57 | Cryptocurrency | SPYX vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 70 | Derivative Income | SPYX vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SPYX vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.34 | -0.24 | -0.30 | 51 | Currency | SPYX vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPYX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPYX and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.05, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.05 | 0.13 | 0.30 | 74 | Real Estate | |
| NVIDIA Corporation | 0.58 | 0.63 | 0.69 | 65 | Technology | |
| Alphabet Inc. Class A | 0.59 | 0.60 | 0.68 | 96 | Communication Services |
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