Looking to diversify beyond SMAX? The ETFs below have historically moved differently from SMAX, 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 SMAX
229 ETFs have low correlation with SMAX (below 0.3), 35 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | — | — | 61 | Cryptocurrency | SMAX vs BITI | |
| Alpha Architect Tail Risk ETF | -0.30 | — | — | 56 | Options Trading | SMAX vs CAOS | |
| Invesco DB Energy Fund | -0.24 | — | — | 72 | Oil & Gas | SMAX vs DBE | |
| United States Brent Oil Fund LP | -0.23 | — | — | 52 | Oil & Gas | SMAX vs BNO | |
| Invesco DB Oil Fund | -0.20 | — | — | 58 | Oil & Gas | SMAX vs DBO |
See all 1371 diversifiers for SMAX
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