Looking to balance out your exposure to SMCAY? The ETFs below have historically moved differently from SMCAY, 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 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 0.37, roughly unchanged from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.37 | 0.39 | 0.44 | 90 | Semiconductors, Technology Equities | SMCAY vs SOXX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SMCAY, 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 Safran SA (SAFRY) (Industrials) with a 1Y correlation of 0.33, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Safran SA | 0.33 | 0.33 | 0.32 | 64 | Industrials | |
| Sumitomo Electric Industries Ltd ADR | 0.37 | 0.33 | 0.33 | 88 | Consumer Cyclical |
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