Looking to diversify beyond SMCO? The ETFs below have the lowest correlation with SMCO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SMCO.
Best Diversifiers for SMCO
184 ETFs have low correlation with SMCO (below 0.3), 27 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.07 | -0.07 | 71 | Oil & Gas | SMCO vs DBE | |
| United States Brent Oil Fund LP | -0.24 | -0.05 | -0.05 | 65 | Oil & Gas | SMCO vs BNO | |
| Invesco DB Oil Fund | -0.23 | — | — | 65 | Oil & Gas | SMCO vs DBO | |
| iShares Commodities Select Strategy ETF | -0.18 | — | — | 71 | Commodities | SMCO vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | 0.01 | 0.01 | 71 | Commodities | SMCO vs GSG |
See all 1147 diversifiers for SMCO
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