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
270 ETFs have low correlation with SPYX (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.36, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.36 | -0.11 | 0.06 | 71 | Oil & Gas | SPYX vs DBE | |
| United States Oil Fund LP | -0.35 | -0.10 | 0.04 | 66 | Oil & Gas | SPYX vs USO | |
| United States Brent Oil Fund LP | -0.34 | -0.10 | 0.05 | 65 | Oil & Gas | SPYX vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.32 | -0.07 | 0.07 | 55 | Oil & Gas | SPYX vs OILK | |
| Defiance Oil Enhanced Options Income ETF | -0.32 | -0.11 | -0.11 | 56 | Derivative Income | SPYX vs USOY |
To view more results, upgrade your current subscription plan.
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 Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.56, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.56 | 0.59 | 0.69 | 96 | Communication Services | |
| NVIDIA Corporation | 0.57 | 0.63 | 0.69 | 78 | Technology |
Build a portfolio that complements SPYX
Add SPYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPYX