Looking to diversify beyond SPMO? The ETFs below have the lowest correlation with SPMO — 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 SPMO.
Best Diversifiers for SPMO
287 ETFs have low correlation with SPMO (below 0.3), 39 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.40, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | -0.42 | -0.42 | 51 | Derivative Income | SPMO vs WNTR | |
| United States Gasoline Fund LP | -0.19 | -0.02 | 0.13 | 60 | Oil & Gas | SPMO vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | SPMO vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | — | — | 96 | Inflation-Protected Bonds | SPMO vs IBID | |
| iShares 0-3 Month Treasury Bond ETF | -0.13 | -0.01 | -0.01 | 100 | Ultrashort Bond | SPMO vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPMO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPMO and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.32, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.32 | -0.16 | 0.02 | 66 | Utilities | |
| Chubb Limited | -0.25 | -0.01 | 0.25 | 72 | Financial Services | |
| Altria Group, Inc. | -0.23 | -0.08 | 0.10 | 74 | Consumer Defensive | |
| The Coca-Cola Company | -0.22 | -0.07 | 0.15 | 74 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.21 | -0.04 | 0.08 | 50 | Consumer Defensive |
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