Looking to diversify beyond SDMF? The ETFs below have the lowest correlation with SDMF — 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 SDMF.
Best Diversifiers for SDMF
975 ETFs have low correlation with SDMF (below 0.3), 234 of which are negatively correlated. The least correlated is Franklin Short Duration U.S. Government ETF (FTSD) (Mortgage Backed Securities) with a 1Y correlation of -0.11, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.11 | -0.11 | -0.11 | 95 | Mortgage Backed Securities | SDMF vs FTSD | |
| Fidelity Municipal Bond Opportunities ETF | -0.11 | -0.11 | -0.11 | 77 | Municipal Bonds | SDMF vs FMUB | |
| MicroSectors U.S. Big Banks Index 3X Leveraged ETN... | -0.11 | -0.11 | -0.11 | 57 | Leveraged Equities | SDMF vs BNKU | |
| BNY Mellon Ultra Short Income ETF | -0.11 | -0.11 | -0.11 | 99 | Ultrashort Bond | SDMF vs BKUI | |
| Breakwave Dry Bulk Shipping ETF | -0.10 | -0.10 | -0.10 | 75 | Commodities | SDMF vs BDRY |
See all 993 diversifiers for SDMF
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Diversification Analysis
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