Looking to diversify beyond SPMO? The ETFs below have historically moved differently from SPMO, 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 SPMO
423 ETFs have low correlation with SPMO (below 0.3), 92 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 63 | Derivative Income | SPMO vs WNTR | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.19 | 0.13 | 0.39 | 91 | Large Cap Value Equities, Dividend | SPMO vs FDL | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | -0.20 | -0.20 | 97 | Inflation-Protected Bonds | SPMO vs RBIL | |
| iShares Core High Dividend ETF | -0.18 | 0.10 | 0.39 | 88 | Dividend, Large Cap Value Equities | SPMO vs HDV | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | SPMO vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPMO, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.38, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.38 | -0.19 | 0.01 | 53 | Utilities | |
| Altria Group, Inc. | -0.31 | -0.12 | 0.07 | 64 | Consumer Defensive | |
| The Coca-Cola Company | -0.30 | -0.12 | 0.12 | 86 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.30 | -0.09 | 0.05 | 59 | Consumer Defensive | |
| RenaissanceRe Holdings Ltd. | -0.29 | 0.01 | 0.16 | 82 | Financial Services |
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