Looking to diversify beyond SPYM? The ETFs below have historically moved differently from SPYM, 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 SPYM
332 ETFs have low correlation with SPYM (below 0.3), 81 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 | -0.50 | — | — | 61 | Inverse Equities, Leveraged Equities | SPYM vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.48 | -0.37 | — | 61 | Cryptocurrency | SPYM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SPYM vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 75 | Derivative Income | SPYM vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.36 | -0.06 | — | 56 | Options Trading | SPYM vs CAOS |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SPYM, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.27 | -0.03 | 0.11 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.23 | 0.06 | 0.22 | 80 | Energy | |
| Duke Energy Corporation | -0.22 | -0.02 | 0.10 | 56 | Utilities | |
| The Coca-Cola Company | -0.21 | 0.02 | 0.22 | 90 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.21 | 0.03 | 0.17 | 84 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SPYM
Add SPYM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPYM