Looking to diversify beyond SMHX? The ETFs below have historically moved differently from SMHX, 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 SMHX
439 ETFs have low correlation with SMHX (below 0.3), 110 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 63 | Derivative Income | SMHX vs WNTR | |
| iShares Core High Dividend ETF | -0.21 | -0.07 | -0.07 | 88 | Dividend, Large Cap Value Equities | SMHX vs HDV | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | SMHX vs IBIC | |
| FT Vest DJIA Dogs 10 Target Income ETF | -0.20 | -0.05 | -0.05 | 66 | Derivative Income | SMHX vs DOGG | |
| WisdomTree Floating Rate Treasury Fund | -0.20 | -0.13 | -0.13 | 100 | Government Bonds, Ultrashort Bond | SMHX vs USFR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SMHX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.40, down from -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.40 | -0.26 | -0.26 | 86 | Financial Services | |
| Altria Group, Inc. | -0.40 | -0.31 | -0.31 | 64 | Consumer Defensive | |
| The Coca-Cola Company | -0.36 | — | — | 86 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.35 | — | — | 59 | Consumer Defensive | |
| Verizon Communications Inc. | -0.32 | — | — | 63 | Communication Services |
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