Looking to balance out your exposure to SUPV? The ETFs below have the lowest correlation with SUPV — they tend to move on their own, which can help reduce risk when SUPV drops. The stock ideas table highlights individual companies that behave independently from SUPV.
Best Diversifiers for SUPV
5 ETFs have low correlation with SUPV (below 0.3), 1 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.05, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.05 | 0.05 | 0.13 | 66 | Oil & Gas | SUPV vs USO | |
| iMGP DBi Managed Futures Strategy ETF | 0.10 | 0.07 | 0.04 | 83 | Systematic Trend | SUPV vs DBMF | |
| T-Rex 2X Long Alphabet Daily Target ETF | 0.16 | 0.20 | 0.20 | 93 | Leveraged Bonds | SUPV vs GOOX | |
| Invesco S&P 500 Momentum ETF | 0.25 | 0.27 | 0.31 | 75 | Momentum, S&P 500 | SUPV vs SPMO | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.27 | 0.31 | 70 | S&P 500 | SUPV vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SUPV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SUPV and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.11 | 0.01 | 0.04 | 63 | Consumer Defensive | |
| The Travelers Companies, Inc. | 0.00 | 0.09 | 0.15 | 51 | Financial Services | |
| Loews Corporation | 0.06 | 0.13 | 0.21 | 71 | Financial Services | |
| MSCI Inc. | 0.08 | 0.09 | 0.16 | 50 | Financial Services | |
| DHT Holdings, Inc. | 0.10 | 0.09 | 0.13 | 82 | Energy |
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