Looking to diversify beyond SPMB? The ETFs below have historically moved differently from SPMB, 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 SPMB
614 ETFs have low correlation with SPMB (below 0.3), 104 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.24 | -0.14 | 72 | Oil & Gas | SPMB vs DBE | |
| ProShares UltraShort Yen | -0.45 | -0.47 | -0.49 | 56 | Leveraged Currency | SPMB vs YCS | |
| Invesco DB Oil Fund | -0.44 | -0.22 | -0.13 | 58 | Oil & Gas | SPMB vs DBO | |
| United States Oil Fund LP | -0.43 | -0.23 | -0.14 | 55 | Oil & Gas | SPMB vs USO | |
| United States Gasoline Fund LP | -0.42 | -0.23 | -0.11 | 87 | Oil & Gas | SPMB vs UGA |
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