Looking to diversify beyond SMCO? The ETFs below have historically moved differently from SMCO, 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 SMCO
181 ETFs have low correlation with SMCO (below 0.3), 29 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 | -0.42 | — | — | 61 | Cryptocurrency | SMCO vs BITI | |
| Alpha Architect Tail Risk ETF | -0.30 | — | — | 56 | Options Trading | SMCO vs CAOS | |
| Invesco DB Energy Fund | -0.26 | — | — | 72 | Oil & Gas | SMCO vs DBE | |
| United States Brent Oil Fund LP | -0.24 | — | — | 52 | Oil & Gas | SMCO vs BNO | |
| Invesco DB Oil Fund | -0.22 | — | — | 58 | Oil & Gas | SMCO vs DBO |
See all 1271 diversifiers for SMCO
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