Looking to diversify beyond SPSM? The ETFs below have historically moved differently from SPSM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SPSM
259 ETFs have low correlation with SPSM (below 0.3), 61 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | SPSM vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.38 | -0.35 | — | 61 | Cryptocurrency | SPSM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SPSM vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 75 | Derivative Income | SPSM vs WNTR | |
| Invesco DB Energy Fund | -0.32 | -0.07 | 0.10 | 72 | Oil & Gas | SPSM vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPSM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.13, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.13 | 0.16 | 0.29 | 80 | Energy | |
| Altria Group, Inc. | -0.12 | 0.08 | 0.19 | 66 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.12 | 0.18 | 0.30 | 70 | Energy | |
| Exxon Mobil Corporation | -0.12 | 0.14 | 0.27 | 84 | Energy | |
| The Coca-Cola Company | -0.10 | 0.09 | 0.21 | 90 | Consumer Defensive |
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