Looking to diversify beyond SMDX? The ETFs below have the lowest correlation with SMDX — 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 SMDX.
Best Diversifiers for SMDX
162 ETFs have low correlation with SMDX (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.36, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | -0.36 | -0.36 | 57 | Cryptocurrency | SMDX vs BITI | |
| Invesco DB Energy Fund | -0.30 | — | — | 53 | Oil & Gas | SMDX vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | SMDX vs IBIC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | -0.07 | -0.07 | 51 | Commodities | SMDX vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.17 | -0.06 | -0.06 | 51 | Commodities | SMDX vs DCMT |
See all 1137 diversifiers for SMDX
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