Looking to diversify beyond SMIN? The ETFs below have historically moved differently from SMIN, 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 SMIN
607 ETFs have low correlation with SMIN (below 0.3), 110 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.38, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.38 | -0.14 | -0.01 | 72 | Oil & Gas | SMIN vs DBE | |
| United States Oil Fund LP | -0.37 | -0.13 | -0.01 | 55 | Oil & Gas | SMIN vs USO | |
| United States Brent Oil Fund LP | -0.37 | -0.13 | -0.02 | 52 | Oil & Gas | SMIN vs BNO | |
| Invesco DB Oil Fund | -0.35 | -0.12 | -0.00 | 58 | Oil & Gas | SMIN vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.33 | -0.08 | 0.02 | 67 | Commodities | SMIN vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SMIN, 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 EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.31, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.31 | -0.03 | 0.08 | 72 | Energy | |
| Suncor Energy Inc. | -0.25 | -0.01 | 0.11 | 94 | Energy | |
| Enterprise Products Partners L.P. | -0.19 | -0.00 | 0.12 | 89 | Energy | |
| Altria Group, Inc. | -0.15 | -0.01 | 0.07 | 66 | Consumer Defensive | |
| Energy Transfer LP | -0.09 | 0.08 | 0.18 | 81 | Energy |
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