Looking to diversify beyond SPMD? The ETFs below have the lowest correlation with SPMD — 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 SPMD.
Best Diversifiers for SPMD
217 ETFs have low correlation with SPMD (below 0.3), 41 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 60 | Inverse Equities, Leveraged Equities | SPMD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 65 | Derivative Income | SPMD vs WNTR | |
| United States Gasoline Fund LP | -0.21 | -0.03 | 0.10 | 72 | Oil & Gas | SPMD vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | SPMD vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | SPMD vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPMD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPMD and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.28, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.28 | 0.35 | 0.49 | 69 | Technology | |
| Marvell Technology, Inc. | 0.45 | 0.49 | 0.58 | 95 | Technology |
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