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
290 ETFs have low correlation with SPYM (below 0.3), 70 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | -0.07 | 0.08 | 66 | Oil & Gas | SPYM vs USO | |
| Invesco DB Energy Fund | -0.31 | -0.06 | 0.09 | 71 | Oil & Gas | SPYM vs DBE | |
| United States Brent Oil Fund LP | -0.30 | -0.06 | 0.08 | 65 | Oil & Gas | SPYM vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | -0.08 | -0.08 | 56 | Derivative Income | SPYM vs USOY | |
| Invesco DB Oil Fund | -0.28 | -0.04 | 0.09 | 65 | Oil & Gas | SPYM vs DBO |
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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 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | 0.02 | 0.14 | 67 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.15 | 0.07 | 0.20 | 85 | Energy | |
| Duke Energy Corporation | -0.14 | 0.00 | 0.12 | 52 | Utilities | |
| Chevron Corporation | -0.11 | 0.09 | 0.22 | 83 | Energy | |
| ConocoPhillips Company | -0.11 | 0.11 | 0.24 | 76 | Energy |
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