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
218 ETFs have low correlation with SPEM (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.20 | -0.16 | 63 | Leveraged Currency | SPEM vs YCS | |
| United States Gasoline Fund LP | -0.25 | 0.00 | 0.10 | 55 | Oil & Gas | SPEM vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | SPEM vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SPEM vs USFR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | — | — | 95 | Inflation-Protected Bonds | SPEM vs IBID |
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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 -0.20, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.01 | 0.07 | 72 | Consumer Defensive | |
| Verizon Communications Inc. | -0.08 | 0.04 | 0.09 | 66 | Communication Services | |
| Lockheed Martin Corporation | 0.00 | -0.02 | 0.04 | 51 | Industrials | |
| CareTrust REIT, Inc. | 0.02 | 0.11 | 0.20 | 78 | Real Estate | |
| AbbVie Inc. | 0.03 | 0.08 | 0.09 | 75 | Healthcare |
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