Looking to diversify beyond SMDX? The ETFs below have historically moved differently from SMDX, 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 SMDX
170 ETFs have low correlation with SMDX (below 0.3), 45 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 | -0.36 | — | — | 61 | Cryptocurrency | SMDX vs BITI | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.31 | -0.31 | 56 | Options Trading | SMDX vs CAOS | |
| Invesco DB Energy Fund | -0.31 | — | — | 72 | Oil & Gas | SMDX vs DBE | |
| United States Brent Oil Fund LP | -0.29 | — | — | 52 | Oil & Gas | SMDX vs BNO | |
| Invesco DB Oil Fund | -0.27 | — | — | 58 | Oil & Gas | SMDX vs DBO |
See all 1281 diversifiers for SMDX
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