Looking to diversify beyond SMDV? The ETFs below have historically moved differently from SMDV, 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 SMDV
545 ETFs have low correlation with SMDV (below 0.3), 77 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.12 | 0.04 | 72 | Oil & Gas | SMDV vs DBE | |
| United States Brent Oil Fund LP | -0.33 | -0.11 | 0.03 | 52 | Oil & Gas | SMDV vs BNO | |
| Invesco DB Oil Fund | -0.33 | -0.10 | 0.04 | 58 | Oil & Gas | SMDV vs DBO | |
| United States Oil Fund LP | -0.31 | -0.11 | 0.03 | 55 | Oil & Gas | SMDV vs USO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.06 | 0.08 | 67 | Commodities | SMDV vs GSG |
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