Looking to diversify beyond SPGM? The ETFs below have historically moved differently from SPGM, 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 SPGM
277 ETFs have low correlation with SPGM (below 0.3), 82 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 61 | Inverse Equities, Leveraged Equities | SPGM vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.49 | -0.38 | — | 61 | Cryptocurrency | SPGM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.49 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SPGM vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 75 | Derivative Income | SPGM vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.36 | -0.08 | 0.06 | 56 | Options Trading | SPGM 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 SPGM, 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 Capital Southwest Corporation (CSWC) (Financial Services) with a 1Y correlation of 0.43, roughly unchanged from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Capital Southwest Corporation | 0.43 | 0.45 | 0.49 | 68 | Financial Services | |
| NVIDIA Corporation | 0.50 | 0.52 | 0.59 | 56 | Technology | |
| Lloyds Banking Group plc | 0.64 | 0.55 | 0.58 | 85 | Financial Services | |
| General American Investors Company, Inc. | 0.72 | 0.77 | 0.85 | 93 | Financial Services |
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