Looking to diversify beyond SPXM? The ETFs below have the lowest correlation with SPXM — 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 SPXM.
Best Diversifiers for SPXM
387 ETFs have low correlation with SPXM (below 0.3), 27 of which are negatively correlated. The least correlated is iShares Enhanced Short-Term Bond Active ETF (CSHP) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.07 | -0.07 | -0.07 | 100 | Ultrashort Bond | SPXM vs CSHP | |
| United States Brent Oil Fund LP | -0.07 | -0.07 | -0.07 | 65 | Oil & Gas | SPXM vs BNO | |
| First Trust Ultra Short Duration Municipal ETF | -0.05 | -0.05 | -0.05 | 96 | Municipal Bonds, Ultrashort Bond | SPXM vs FUMB | |
| Calvert Ultra-Short Investment Grade ETF | -0.04 | -0.04 | -0.04 | 98 | Ultrashort Bond | SPXM vs CVSB | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.04 | -0.04 | -0.04 | 98 | Inflation-Protected Bonds | SPXM vs IBIC |
See all 1142 diversifiers for SPXM
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