Looking to balance out your exposure to SMCAY? The ETFs below have the lowest correlation with SMCAY — they tend to move on their own, which can help reduce risk when SMCAY drops. The stock ideas table highlights individual companies that behave independently from SMCAY.
Best Diversifiers for SMCAY
0 ETFs have low correlation with SMCAY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.33, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.33 | 0.38 | 0.43 | 94 | Semiconductors, Technology Equities | SMCAY vs SOXX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMCAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMCAY and solid risk/return profiles. The least correlated is Safran SA (SAFRY) (Industrials) with a 1Y correlation of 0.32, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Safran SA | 0.32 | 0.32 | 0.33 | 63 | Industrials | |
| Sumitomo Electric Industries Ltd ADR | 0.37 | 0.32 | 0.32 | 94 | Consumer Cyclical |
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