Looking to balance out your exposure to SMID? The ETFs below have historically moved differently from SMID, 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 SMID
0 ETFs have low correlation with SMID (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Extended Market ETF (VXF) (Mid Cap Blend Equities) with a 1Y correlation of 0.35, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Extended Market ETF | 0.35 | 0.36 | 0.32 | 52 | Mid Cap Blend Equities | SMID vs VXF |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SMID, 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 Adaro Energy Tbk PT ADR (ADOOY) (Energy) with a 1Y correlation of 0.01, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Adaro Energy Tbk PT ADR | 0.01 | 0.00 | 0.02 | 73 | Energy | |
| Micron Technology, Inc. | 0.03 | 0.12 | 0.13 | 99 | Technology | |
| Corcept Therapeutics Incorporated | 0.04 | 0.12 | 0.13 | 72 | Healthcare | |
| Coca-Cola Consolidated, Inc. | 0.04 | 0.07 | 0.07 | 87 | Consumer Defensive | |
| Applied Digital Corporation | 0.04 | 0.09 | 0.10 | 78 | Technology |
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