Looking to diversify beyond SPXM? The ETFs below have historically moved differently from SPXM, 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 SPXM
536 ETFs have low correlation with SPXM (below 0.3), 38 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.24 | — | — | 61 | Cryptocurrency | SPXM vs BITI | |
| Alpha Architect Tail Risk ETF | -0.14 | — | — | 56 | Options Trading | SPXM vs CAOS | |
| Breakwave Dry Bulk Shipping ETF | -0.13 | — | — | 77 | Commodities | SPXM vs BDRY | |
| iShares iBonds Dec 2028 Term Muni Bond ETF | -0.10 | — | — | 74 | Municipal Bonds | SPXM vs IBMQ | |
| Eaton Vance Ultra-Short Income ETF | -0.09 | — | — | 99 | Ultrashort Bond | SPXM vs EVSB |
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