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
282 ETFs have low correlation with SPEM (below 0.3), 72 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.34, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.34 | 0.00 | 0.10 | 66 | Oil & Gas | SPEM vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.33 | — | — | 56 | Derivative Income | SPEM vs USOY | |
| United States Brent Oil Fund LP | -0.32 | 0.01 | 0.10 | 65 | Oil & Gas | SPEM vs BNO | |
| Invesco DB Energy Fund | -0.32 | 0.00 | 0.11 | 71 | Oil & Gas | SPEM vs DBE | |
| ProShares UltraShort Yen | -0.31 | -0.20 | -0.16 | 61 | Leveraged Currency | SPEM vs YCS |
To view more results, upgrade your current subscription plan.
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 -0.19, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | 0.01 | 0.09 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | -0.06 | 0.05 | 0.10 | 59 | Communication Services | |
| CareTrust REIT, Inc. | 0.01 | 0.12 | 0.20 | 82 | Real Estate | |
| AbbVie Inc. | 0.07 | 0.09 | 0.10 | 62 | Healthcare | |
| Amgen Inc. | 0.26 | 0.23 | 0.23 | 62 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SPEM
Add SPEM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPEM