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
318 ETFs have low correlation with SVXY (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.30 | — | 57 | Cryptocurrency | SVXY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | SVXY vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 68 | Inverse Equities, Leveraged Equities | SVXY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | SVXY vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.06 | 0.07 | 53 | Oil & Gas | SVXY vs DBE |
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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 -0.16, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.16 | -0.04 | 0.07 | 66 | Utilities | |
| The Coca-Cola Company | -0.14 | 0.03 | 0.17 | 83 | Consumer Defensive | |
| The Southern Company | -0.10 | 0.01 | 0.10 | 58 | Utilities | |
| Altria Group, Inc. | -0.10 | 0.04 | 0.13 | 81 | Consumer Defensive | |
| Chevron Corporation | -0.09 | 0.07 | 0.22 | 70 | Energy |
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