Looking to diversify beyond SVXY? The ETFs below have the lowest correlation with SVXY — 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 SVXY.
Best Diversifiers for SVXY
342 ETFs have low correlation with SVXY (below 0.3), 92 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.05 | 0.08 | 71 | Oil & Gas | SVXY vs DBE | |
| United States Oil Fund LP | -0.25 | -0.05 | 0.06 | 66 | Oil & Gas | SVXY vs USO | |
| United States Brent Oil Fund LP | -0.24 | -0.05 | 0.06 | 65 | Oil & Gas | SVXY vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.23 | -0.02 | 0.09 | 55 | Oil & Gas | SVXY vs OILK | |
| United States 12 Month Oil Fund LP | -0.23 | -0.02 | 0.09 | 56 | Oil & Gas | SVXY vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SVXY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SVXY and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.13, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.13 | -0.02 | 0.08 | 53 | Utilities | |
| Altria Group, Inc. | -0.10 | 0.05 | 0.15 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.08 | 0.07 | 0.20 | 85 | Energy | |
| BP p.l.c. | -0.08 | 0.11 | 0.23 | 87 | Energy | |
| Chevron Corporation | -0.07 | 0.08 | 0.22 | 83 | Energy |
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