Looking to diversify beyond SMDV? The ETFs below have the lowest correlation with SMDV — 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 SMDV.
Best Diversifiers for SMDV
502 ETFs have low correlation with SMDV (below 0.3), 55 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.09 | 0.05 | 53 | Oil & Gas | SMDV vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.05 | 0.09 | 51 | Commodities | SMDV vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.26 | -0.04 | 0.10 | 54 | Commodities | SMDV vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.25 | -0.04 | 0.09 | 55 | Commodities | SMDV vs PDBC | |
| United States Gasoline Fund LP | -0.24 | -0.06 | 0.06 | 78 | Oil & Gas | SMDV vs UGA |
See all 1562 diversifiers for SMDV
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