Looking to diversify beyond SMHB? The ETFs below have historically moved differently from SMHB, 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 SMHB
658 ETFs have low correlation with SMHB (below 0.3), 51 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.21 | -0.05 | 0.10 | 72 | Oil & Gas | SMHB vs DBE | |
| Proshares Ultrashort Bitcoin ETF | -0.21 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SMHB vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.20 | -0.08 | — | 56 | Options Trading | SMHB vs CAOS | |
| ProShares Short Bitcoin ETF | -0.20 | -0.22 | — | 61 | Cryptocurrency | SMHB vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.20 | — | — | 61 | Inverse Equities, Leveraged Equities | SMHB vs MSTZ |
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