Looking to diversify beyond SPTM? The ETFs below have the lowest correlation with SPTM — 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 SPTM.
Best Diversifiers for SPTM
265 ETFs have low correlation with SPTM (below 0.3), 68 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.07 | 0.09 | 71 | Oil & Gas | SPTM vs DBE | |
| United States Oil Fund LP | -0.32 | -0.07 | 0.08 | 66 | Oil & Gas | SPTM vs USO | |
| United States Brent Oil Fund LP | -0.30 | -0.06 | 0.08 | 65 | Oil & Gas | SPTM vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | SPTM vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.03 | 0.10 | 55 | Oil & Gas | SPTM vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPTM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPTM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | 0.03 | 0.15 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.15 | 0.07 | 0.21 | 85 | Energy | |
| Duke Energy Corporation | -0.12 | 0.01 | 0.12 | 53 | Utilities | |
| ConocoPhillips Company | -0.11 | 0.09 | 0.22 | 76 | Energy | |
| Chevron Corporation | -0.11 | 0.10 | 0.23 | 83 | Energy |
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