Looking to balance out your exposure to SPOM? The ETFs below have the lowest correlation with SPOM — they tend to move on their own, which can help reduce risk when SPOM drops. The stock ideas table highlights individual companies that behave independently from SPOM.
Best Diversifiers for SPOM
3 ETFs have low correlation with SPOM (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan U.S. Momentum Factor ETF (JMOM) (Momentum) with a 1Y correlation of 0.07, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan U.S. Momentum Factor ETF | 0.07 | -0.01 | 0.03 | 80 | Momentum, Large Cap Blend Equities | SPOM vs JMOM | |
| Vanguard Total World Stock ETF | 0.09 | -0.01 | 0.04 | 65 | Global Equities | SPOM vs VT | |
| Vanguard S&P 500 ETF | 0.09 | -0.00 | 0.05 | 67 | S&P 500 | SPOM vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPOM and solid risk/return profiles. The least correlated is MSCI Inc. (MSCI) (Financial Services) with a 1Y correlation of 0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MSCI Inc. | 0.03 | 0.00 | 0.06 | 55 | Financial Services |
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