Looking to diversify beyond SPEM? The ETFs below have historically moved differently from SPEM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SPEM
362 ETFs have low correlation with SPEM (below 0.3), 89 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SPEM vs SBIT | |
| ProShares Short Bitcoin ETF | -0.47 | -0.32 | — | 61 | Cryptocurrency | SPEM vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 61 | Inverse Equities, Leveraged Equities | SPEM vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 75 | Derivative Income | SPEM vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.36 | -0.12 | — | 56 | Options Trading | SPEM vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPEM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.05 | 0.05 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.13 | 0.01 | 0.08 | 66 | Communication Services | |
| Philip Morris International Inc. | -0.08 | 0.07 | 0.16 | 66 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.08 | 0.15 | 0.28 | 61 | Financial Services | |
| Realty Income Corporation | -0.06 | 0.11 | 0.20 | 77 | Real Estate |
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