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
187 ETFs have low correlation with SPGM (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.13 | -0.10 | 63 | Leveraged Currency | SPGM vs YCS | |
| United States Gasoline Fund LP | -0.28 | -0.05 | 0.09 | 55 | Oil & Gas | SPGM vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | SPGM vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | — | — | 95 | Inflation-Protected Bonds | SPGM vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | SPGM vs CSHP |
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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 0.52, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.52 | 0.57 | 0.64 | 72 | Technology |
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