Looking to diversify beyond SPMV? The ETFs below have the lowest correlation with SPMV — 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 SPMV.
Best Diversifiers for SPMV
449 ETFs have low correlation with SPMV (below 0.3), 20 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.28, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.28 | -0.24 | -0.27 | 52 | Cryptocurrency | SPMV vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 70 | Inverse Equities, Leveraged Equities | SPMV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.19 | — | — | 73 | Derivative Income | SPMV vs WNTR | |
| ProShares UltraShort Yen | -0.13 | -0.04 | -0.05 | 73 | Leveraged Currency | SPMV vs YCS | |
| Touchstone Ultra Short Income ETF | -0.08 | 0.09 | — | 98 | Ultrashort Bond | SPMV vs TUSI |
See all 1568 diversifiers for SPMV
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