Looking to diversify beyond SMIZ? The ETFs below have historically moved differently from SMIZ, 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 SMIZ
198 ETFs have low correlation with SMIZ (below 0.3), 40 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | — | — | 61 | Cryptocurrency | SMIZ vs BITI | |
| Alpha Architect Tail Risk ETF | -0.33 | — | — | 56 | Options Trading | SMIZ vs CAOS | |
| Invesco DB Energy Fund | -0.27 | — | — | 72 | Oil & Gas | SMIZ vs DBE | |
| United States Brent Oil Fund LP | -0.24 | — | — | 52 | Oil & Gas | SMIZ vs BNO | |
| Invesco DB Oil Fund | -0.22 | — | — | 58 | Oil & Gas | SMIZ vs DBO |
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