Looking to diversify beyond SPMD? The ETFs below have historically moved differently from SPMD, 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 SPMD
254 ETFs have low correlation with SPMD (below 0.3), 67 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | SPMD vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.41 | -0.35 | — | 61 | Cryptocurrency | SPMD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SPMD vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 75 | Derivative Income | SPMD vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.09 | — | 56 | Options Trading | SPMD vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPMD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.32, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.32 | 0.35 | 0.50 | 56 | Technology | |
| Marvell Technology, Inc. | 0.46 | 0.48 | 0.58 | 87 | Technology | |
| General American Investors Company, Inc. | 0.59 | 0.67 | 0.76 | 93 | Financial Services |
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