Looking to diversify beyond SMHB? The ETFs below have the lowest correlation with SMHB — 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 SMHB.
Best Diversifiers for SMHB
627 ETFs have low correlation with SMHB (below 0.3), 38 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.19 | — | — | 60 | Inverse Equities, Leveraged Equities | SMHB vs MSTZ | |
| United States Gasoline Fund LP | -0.17 | -0.03 | 0.10 | 72 | Oil & Gas | SMHB vs UGA | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.16 | — | — | 65 | Derivative Income | SMHB vs WNTR | |
| ProShares UltraShort Yen | -0.14 | -0.10 | -0.08 | 75 | Leveraged Currency | SMHB vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | SMHB vs CSHP |
See all 1556 diversifiers for SMHB
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Diversification Analysis
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