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
2 ETFs have low correlation with SPOM (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.11, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.11 | 0.01 | 0.04 | 70 | S&P 500 | SPOM vs VOO | |
| JPMorgan U.S. Momentum Factor ETF | 0.11 | -0.00 | 0.03 | 81 | Momentum, Large Cap Growth Equities | SPOM vs JMOM |
Diversification Analysis
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