Looking to diversify beyond SPEM? The ETFs below have the lowest correlation with SPEM — 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 SPEM.
Best Diversifiers for SPEM
293 ETFs have low correlation with SPEM (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.31 | -0.34 | 57 | Cryptocurrency | SPEM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SPEM vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.42 | -0.46 | 51 | Currency | SPEM vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | SPEM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | SPEM vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPEM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPEM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.04 | 0.06 | 81 | Consumer Defensive | |
| Verizon Communications Inc. | -0.13 | 0.02 | 0.08 | 57 | Communication Services | |
| Berkshire Hathaway Inc. | -0.03 | 0.16 | 0.29 | 53 | Financial Services | |
| CareTrust REIT, Inc. | -0.03 | 0.09 | 0.18 | 84 | Real Estate | |
| AbbVie Inc. | -0.02 | 0.07 | 0.09 | 79 | Healthcare |
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