Looking to diversify beyond SMIG? The ETFs below have historically moved differently from SMIG, 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 SMIG
206 ETFs have low correlation with SMIG (below 0.3), 32 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.08 | — | 66 | Oil & Gas | SMIG vs DBE | |
| ProShares Short Bitcoin ETF | -0.24 | -0.26 | — | 51 | Cryptocurrency | SMIG vs BITI | |
| Invesco DB Oil Fund | -0.22 | -0.05 | — | 51 | Oil & Gas | SMIG vs DBO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.18 | -0.02 | — | 56 | Commodities | SMIG vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.17 | -0.01 | — | 61 | Commodities | SMIG vs GSG |
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