Looking to diversify beyond SPYM? The ETFs below have the lowest correlation with SPYM — 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 SPYM.
Best Diversifiers for SPYM
215 ETFs have low correlation with SPYM (below 0.3), 28 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.26 | -0.05 | 0.07 | 55 | Oil & Gas | SPYM vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | SPYM vs IBIC | |
| ProShares UltraShort Yen | -0.20 | -0.03 | -0.02 | 63 | Leveraged Currency | SPYM vs YCS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.13 | — | — | 95 | Inflation-Protected Bonds | SPYM vs IBID | |
| Brookstone Ultra-Short Bond ETF | -0.13 | — | — | 98 | Ultrashort Bond | SPYM vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPYM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPYM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | 0.00 | 0.13 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.18 | 0.06 | 0.19 | 72 | Energy | |
| Duke Energy Corporation | -0.15 | 0.00 | 0.12 | 62 | Utilities | |
| ConocoPhillips Company | -0.14 | 0.09 | 0.23 | 65 | Energy | |
| Chevron Corporation | -0.14 | 0.08 | 0.22 | 70 | Energy |
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