Looking to diversify beyond TSPY? The ETFs below have historically moved differently from TSPY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TSPY
300 ETFs have low correlation with TSPY (below 0.3), 66 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 63 | Derivative Income | TSPY vs WNTR | |
| Invesco DB Energy Fund | -0.28 | — | — | 53 | Oil & Gas | TSPY vs DBE | |
| United States Gasoline Fund, LP | -0.22 | -0.11 | -0.11 | 74 | Oil & Gas | TSPY vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | TSPY vs IBIC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.07 | -0.07 | 50 | Commodities | TSPY vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TSPY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.25, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.25 | -0.15 | -0.15 | 64 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.21 | -0.00 | -0.00 | 68 | Energy | |
| Exxon Mobil Corporation | -0.19 | 0.01 | 0.01 | 85 | Energy | |
| Chevron Corporation | -0.18 | 0.02 | 0.02 | 76 | Energy | |
| Chubb Limited | -0.17 | -0.05 | -0.05 | 86 | Financial Services |
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