Looking to diversify beyond XSPI? The ETFs below have the lowest correlation with XSPI — 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 XSPI.
Best Diversifiers for XSPI
167 ETFs have low correlation with XSPI (below 0.3), 45 of which are negatively correlated. The least correlated is MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) (Leveraged Equities) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.33 | -0.33 | -0.33 | 55 | Leveraged Equities | XSPI vs NRGU | |
| ProShares Ultra Oil & Gas | -0.30 | -0.30 | -0.30 | 53 | Leveraged Equities | XSPI vs DIG | |
| Direxion Daily Energy Bull 2X Shares | -0.29 | -0.29 | -0.29 | 54 | Leveraged Equities | XSPI vs ERX | |
| Pacer American Energy Independence ETF | -0.28 | -0.28 | -0.28 | 50 | Energy Equities | XSPI vs USAI | |
| Invesco S&P 500 Equal Weight Energy ETF | -0.26 | -0.26 | -0.26 | 68 | Energy Equities, S&P 500, Equal Weight | XSPI vs RSPG |
See all 1501 diversifiers for XSPI
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