Looking to diversify beyond SIMS? The ETFs below have historically moved differently from SIMS, 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 SIMS
235 ETFs have low correlation with SIMS (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.37 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.37 | — | 61 | Cryptocurrency | SIMS vs BITI | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.10 | — | 56 | Options Trading | SIMS vs CAOS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.20 | — | — | 97 | Inflation-Protected Bonds | SIMS vs IBID | |
| Invesco DB Energy Fund | -0.20 | -0.01 | 0.12 | 72 | Oil & Gas | SIMS vs DBE | |
| Invesco DB Oil Fund | -0.16 | 0.01 | 0.12 | 58 | Oil & Gas | SIMS vs DBO |
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