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
236 ETFs have low correlation with SPGM (below 0.3), 61 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.38 | -0.40 | 57 | Cryptocurrency | SPGM vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | -0.45 | -0.45 | 68 | Inverse Equities, Leveraged Equities | SPGM vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SPGM vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.44 | -0.36 | -0.42 | 51 | Currency | SPGM vs UUP | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | SPGM vs WNTR |
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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 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.52 | 0.57 | 0.65 | 65 | Technology | |
| Lloyds Banking Group plc | 0.63 | 0.55 | 0.58 | 84 | Financial Services |
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