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
285 ETFs have low correlation with SPYM (below 0.3), 57 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 68 | Inverse Equities, Leveraged Equities | SPYM vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.37 | -0.38 | 57 | Cryptocurrency | SPYM vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 70 | Derivative Income | SPYM vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SPYM vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.32 | -0.24 | -0.29 | 51 | Currency | SPYM vs UUP |
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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 -0.26, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.02 | 0.13 | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | -0.03 | 0.12 | 66 | Utilities | |
| Waste Management, Inc. | -0.21 | 0.09 | 0.27 | 53 | Industrials | |
| The Coca-Cola Company | -0.19 | 0.03 | 0.23 | 83 | Consumer Defensive | |
| Chevron Corporation | -0.19 | 0.07 | 0.23 | 70 | Energy |
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