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
392 ETFs have low correlation with SPXM (below 0.3), 18 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Tanker Shipping ETF | -0.10 | — | — | 99 | Commodities | SPXM vs BWET | |
| iShares iBonds Dec 2028 Term Muni Bond ETF | -0.06 | — | — | 79 | Municipal Bonds | SPXM vs IBMQ | |
| Franklin Liberty Federal Tax-Free Bond ETF | -0.03 | — | — | 80 | Municipal Bonds | SPXM vs FLMB | |
| Harbor Commodity All-Weather Strategy ETF | -0.02 | — | — | 70 | Commodities | SPXM vs HGER | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.02 | — | — | 81 | Nontraditional Bonds | SPXM vs AGZD |
See all 1008 diversifiers for SPXM
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SPXM
Add SPXM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPXM