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
347 ETFs have low correlation with SPMO (below 0.3), 85 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.03 | 0.14 | 71 | Oil & Gas | SPMO vs DBE | |
| United States Oil Fund LP | -0.25 | -0.03 | 0.13 | 66 | Oil & Gas | SPMO vs USO | |
| United States Brent Oil Fund LP | -0.23 | -0.03 | 0.13 | 65 | Oil & Gas | SPMO vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.22 | — | — | 56 | Derivative Income | SPMO vs USOY | |
| United States Gasoline Fund LP | -0.21 | -0.02 | 0.13 | 71 | Oil & Gas | SPMO vs UGA |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | -0.05 | 0.11 | 67 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.18 | 0.03 | 0.24 | 85 | Energy | |
| ConocoPhillips Company | -0.17 | 0.06 | 0.23 | 76 | Energy | |
| Verizon Communications Inc. | -0.17 | -0.09 | 0.08 | 62 | Communication Services | |
| PepsiCo, Inc. | -0.16 | -0.03 | 0.14 | 57 | Consumer Defensive |
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