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
543 ETFs have low correlation with SMHB (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.15, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.15 | -0.10 | -0.07 | 61 | Leveraged Currency | SMHB vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.05 | -0.05 | 100 | Government Bonds, Ultrashort Bond | SMHB vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | — | — | 99 | Ultrashort Bond | SMHB vs CSHP | |
| iShares Diversified Commodity Swap UCITS ETF | -0.10 | 0.04 | — | 77 | Commodities | SMHB vs ISCMF | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.08 | — | — | 98 | Inflation-Protected Bonds | SMHB vs IBIC |
See all 1575 diversifiers for SMHB
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