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
166 ETFs have low correlation with SMCO (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.38 | -0.38 | 57 | Cryptocurrency | SMCO vs BITI | |
| Invesco DB Energy Fund | -0.23 | — | — | 53 | Oil & Gas | SMCO vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | SMCO vs IBIC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.14 | — | — | 51 | Commodities | SMCO vs GSG | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | 0.02 | 0.02 | 99 | Ultrashort Bond | SMCO vs CSHP |
See all 1127 diversifiers for SMCO
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