Looking to balance out your exposure to SM? The ETFs below have historically moved differently from SM, 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 SM
6 ETFs have low correlation with SM (below 0.3), 6 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of -0.14, down from 0.05 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | -0.14 | 0.05 | — | 55 | Nasdaq-100, Derivative Income | SM vs JEPQ | |
| State Street SPDR S&P 500 ETF | -0.14 | 0.12 | 0.28 | 67 | S&P 500 | SM vs SPY | |
| iShares Russell 1000 ETF | -0.14 | 0.13 | 0.29 | 64 | Large Cap Blend Equities | SM vs IWB | |
| Vanguard S&P 500 ETF | -0.13 | 0.12 | 0.28 | 68 | S&P 500 | SM vs VOO | |
| VanEck Semiconductor ETF | -0.08 | 0.10 | 0.22 | 87 | Semiconductors, Technology Equities | SM vs SMH |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is General Motors Company (GM) (Consumer Cyclical) with a 1Y correlation of -0.13, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Motors Company | -0.13 | 0.16 | 0.26 | 92 | Consumer Cyclical | |
| Century Communities, Inc. | -0.12 | 0.10 | 0.19 | 60 | Consumer Cyclical | |
| Endeavour Silver Corp. | -0.12 | 0.06 | 0.16 | 66 | Basic Materials | |
| Mueller Industries, Inc. | -0.09 | 0.18 | 0.29 | 86 | Industrials | |
| Sterling Infrastructure, Inc. | -0.09 | 0.09 | 0.20 | 84 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SM
Add SM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SM