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
297 ETFs have low correlation with TSPY (below 0.3), 55 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | — | — | 53 | Cryptocurrency | TSPY vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 65 | Inverse Equities, Leveraged Equities | TSPY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 70 | Derivative Income | TSPY vs WNTR | |
| Invesco DB Energy Fund | -0.28 | — | — | 57 | Oil & Gas | TSPY vs DBE | |
| United States Gasoline Fund LP | -0.21 | — | — | 82 | Oil & Gas | TSPY vs UGA |
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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 -0.23, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.14 | -0.14 | 78 | Consumer Defensive | |
| Duke Energy Corporation | -0.22 | -0.14 | -0.14 | 65 | Utilities | |
| Occidental Petroleum Corporation | -0.16 | 0.02 | 0.02 | 64 | Energy | |
| Chubb Limited | -0.16 | -0.02 | -0.02 | 83 | Financial Services | |
| The Coca-Cola Company | -0.16 | — | — | 82 | Consumer Defensive |
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