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
311 ETFs have low correlation with SMHX (below 0.3), 50 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 | -0.19 | — | — | 98 | Inflation-Protected Bonds | SMHX vs IBIC | |
| Brookstone Ultra-Short Bond ETF | -0.18 | — | — | 98 | Ultrashort Bond | SMHX vs BAMU | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.18 | — | — | 95 | Inflation-Protected Bonds | SMHX vs IBID | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | — | — | 100 | Government Bonds, Ultrashort Bond | SMHX vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | — | — | 100 | Ultrashort Bond | SMHX vs SGOV |
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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 | -0.34 | — | — | 69 | Financial Services | |
| Altria Group, Inc. | -0.26 | -0.23 | -0.23 | 72 | Consumer Defensive | |
| Duke Energy Corporation | -0.25 | -0.24 | -0.24 | 62 | Utilities | |
| The Coca-Cola Company | -0.24 | -0.21 | -0.21 | 74 | Consumer Defensive | |
| The Southern Company | -0.23 | -0.23 | -0.23 | 55 | Utilities |
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