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
672 ETFs have low correlation with SPMB (below 0.3), 44 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.47 | -0.49 | 61 | Leveraged Currency | SPMB vs YCS | |
| Fidelity Managed Futures ETF | -0.31 | — | — | 64 | Systematic Trend | SPMB vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.25 | -0.11 | -0.08 | 70 | Commodities | SPMB vs FAAR | |
| VanEck Commodity Strategy ETF | -0.24 | -0.09 | -0.09 | 55 | Commodities | SPMB vs PIT | |
| Bastion Energy ETF | -0.24 | -0.24 | -0.24 | 75 | Energy Equities | SPMB vs BESF |
See all 1567 diversifiers for SPMB
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