Looking to diversify beyond SMH3.L? The ETFs below have the lowest correlation with SMH3.L — 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 SMH3.L.
Best Diversifiers for SMH3.L
2 ETFs have low correlation with SMH3.L (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 3x Apple ETC EUR (3APE.L) (Leveraged Equities) with a 1Y correlation of 0.29, roughly unchanged from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Apple ETC EUR | 0.29 | 0.34 | — | 63 | Leveraged Equities | SMH3.L vs 3APE.L | |
| IncomeShares Alphabet (GOOG) Options ETP GBP | 0.29 | — | — | 58 | Derivative Income | SMH3.L vs GOOO.L | |
| IncomeShares Alphabet (GOOG) Options ETP | 0.30 | — | — | 81 | Derivative Income | SMH3.L vs GOOI.L | |
| Leverage Shares 3x Alphabet ETP Scs | 0.32 | 0.39 | — | 95 | Leveraged Equities | SMH3.L vs 3GOE.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.33 | 0.39 | — | 95 | Leveraged Equities | SMH3.L vs 3GOO.L |
See all 24 diversifiers for SMH3.L
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