Looking to balance out your exposure to SMG? The ETFs below have historically moved differently from SMG, 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 SMG
1 ETFs have low correlation with SMG (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.30, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.38 | 0.47 | 67 | S&P 500 | SMG vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.44 | 0.48 | 0.51 | 95 | Dividend | SMG vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SMG, 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 Archer-Daniels-Midland Company (ADM) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Archer-Daniels-Midland Company | 0.01 | 0.17 | 0.18 | 90 | Consumer Defensive | |
| Dow Inc. | 0.04 | 0.27 | 0.34 | 69 | Basic Materials | |
| NVIDIA Corporation | 0.07 | 0.13 | 0.28 | 56 | Technology | |
| Intel Corporation | 0.12 | 0.19 | 0.29 | 98 | Technology | |
| Jazz Pharmaceuticals plc | 0.14 | 0.25 | 0.26 | 98 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SMG
Add SMG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SMG