Looking to diversify beyond SPMB? The ETFs below have the lowest correlation with SPMB — 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 SPMB.
Best Diversifiers for SPMB
629 ETFs have low correlation with SPMB (below 0.3), 74 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.47 | -0.49 | 72 | Leveraged Currency | SPMB vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.47 | -0.42 | -0.39 | 51 | Currency | SPMB vs UUP | |
| Invesco DB Energy Fund | -0.42 | -0.22 | -0.13 | 53 | Oil & Gas | SPMB vs DBE | |
| United States Gasoline Fund LP | -0.41 | -0.21 | -0.11 | 78 | Oil & Gas | SPMB vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.34 | -0.16 | -0.08 | 51 | Commodities | SPMB vs GSG |
See all 1551 diversifiers for SPMB
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