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
206 ETFs have low correlation with SPYX (below 0.3), 28 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.26 | -0.08 | 0.05 | 55 | Oil & Gas | SPYX vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | SPYX vs IBIC | |
| ProShares UltraShort Yen | -0.20 | -0.03 | -0.03 | 63 | Leveraged Currency | SPYX vs YCS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | — | — | 95 | Inflation-Protected Bonds | SPYX vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | SPYX vs CSHP |
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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 Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.58, down from 0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.58 | 0.59 | 0.69 | 96 | Communication Services | |
| NVIDIA Corporation | 0.59 | 0.64 | 0.69 | 72 | Technology |
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