Looking to diversify beyond TSPY? The ETFs below have the lowest correlation with TSPY — 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 TSPY.
Best Diversifiers for TSPY
294 ETFs have low correlation with TSPY (below 0.3), 59 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | — | — | 71 | Oil & Gas | TSPY vs DBE | |
| United States Oil Fund LP | -0.29 | — | — | 66 | Oil & Gas | TSPY vs USO | |
| United States Brent Oil Fund LP | -0.28 | — | — | 65 | Oil & Gas | TSPY vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 56 | Derivative Income | TSPY vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | -0.09 | -0.09 | 55 | Oil & Gas | TSPY vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSPY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSPY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | -0.10 | -0.10 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.15 | -0.11 | -0.11 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.10 | 0.05 | 0.05 | 85 | Energy | |
| Chubb Limited | -0.08 | -0.00 | -0.00 | 51 | Financial Services | |
| PepsiCo, Inc. | -0.08 | 0.01 | 0.01 | 56 | Consumer Defensive |
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