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
185 ETFs have low correlation with SPMD (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.06 | -0.03 | 61 | Leveraged Currency | SPMD vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | SPMD vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | SPMD vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | — | — | 95 | Inflation-Protected Bonds | SPMD vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | 0.04 | 0.04 | 99 | Ultrashort Bond | SPMD vs CSHP |
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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 | 76 | Technology | |
| Marvell Technology, Inc. | 0.41 | 0.48 | 0.58 | 97 | Technology |
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