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
356 ETFs have low correlation with SPMV (below 0.3), 13 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.16, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.16 | -0.04 | -0.05 | 63 | Leveraged Currency | SPMV vs YCS | |
| Breakwave Dry Bulk Shipping ETF | -0.09 | -0.02 | 0.01 | 75 | Commodities | SPMV vs BDRY | |
| Obra Opportunistic Structured Products ETF | -0.05 | -0.04 | -0.04 | 72 | Multisector Bonds | SPMV vs OOSP | |
| United States Gasoline Fund LP | -0.05 | -0.02 | 0.06 | 55 | Oil & Gas | SPMV vs UGA | |
| iShares Diversified Commodity Swap UCITS ETF | -0.04 | -0.00 | -0.03 | 78 | Commodities | SPMV vs ISCMF |
See all 1459 diversifiers for SPMV
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