Looking to diversify beyond SMHX? The ETFs below have the lowest correlation with SMHX — 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 SMHX.
Best Diversifiers for SMHX
365 ETFs have low correlation with SMHX (below 0.3), 81 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | SMHX vs IBIC | |
| United States Oil Fund LP | -0.21 | — | — | 66 | Oil & Gas | SMHX vs USO | |
| Invesco DB Energy Fund | -0.21 | -0.06 | -0.06 | 71 | Oil & Gas | SMHX vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.20 | -0.06 | -0.06 | 56 | Derivative Income | SMHX vs USOY | |
| United States Brent Oil Fund LP | -0.19 | -0.05 | -0.05 | 65 | Oil & Gas | SMHX vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMHX and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.29 | — | — | 51 | Financial Services | |
| Altria Group, Inc. | -0.24 | -0.22 | -0.22 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | -0.24 | -0.24 | 53 | Utilities | |
| Verizon Communications Inc. | -0.22 | -0.21 | -0.21 | 59 | Communication Services | |
| The Coca-Cola Company | -0.22 | -0.21 | -0.21 | 66 | Consumer Defensive |
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