Looking to diversify beyond SMCY? The ETFs below have historically moved differently from SMCY, 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 SMCY
622 ETFs have low correlation with SMCY (below 0.3), 85 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | SMCY vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 75 | Derivative Income | SMCY vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SMCY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.34 | — | — | 61 | Cryptocurrency | SMCY vs BITI | |
| iShares U.S. Insurance ETF | -0.27 | — | — | 53 | Financials Equities | SMCY vs IAK |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SMCY, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.16, roughly unchanged from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.16 | -0.06 | -0.06 | 61 | Financial Services | |
| MPLX LP | 0.00 | 0.13 | 0.13 | 79 | Energy | |
| Orchid Island Capital, Inc. | 0.22 | 0.27 | 0.27 | 61 | Real Estate |
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