Looking to diversify beyond SPGM? The ETFs below have the lowest correlation with SPGM — 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 SPGM.
Best Diversifiers for SPGM
253 ETFs have low correlation with SPGM (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.06 | 0.11 | 71 | Oil & Gas | SPGM vs DBE | |
| United States Oil Fund LP | -0.35 | -0.05 | 0.10 | 66 | Oil & Gas | SPGM vs USO | |
| United States Brent Oil Fund LP | -0.33 | -0.04 | 0.10 | 65 | Oil & Gas | SPGM vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.32 | — | — | 56 | Derivative Income | SPGM vs USOY | |
| United States Gasoline Fund LP | -0.30 | -0.04 | 0.10 | 71 | Oil & Gas | SPGM vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPGM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPGM and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.50, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.50 | 0.56 | 0.63 | 82 | Technology |
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