Looking to diversify beyond SMLF? The ETFs below have the lowest correlation with SMLF — 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 SMLF.
Best Diversifiers for SMLF
271 ETFs have low correlation with SMLF (below 0.3), 60 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.04 | 0.14 | 71 | Oil & Gas | SMLF vs DBE | |
| United States Oil Fund LP | -0.30 | -0.03 | 0.14 | 66 | Oil & Gas | SMLF vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.02 | 0.14 | 65 | Oil & Gas | SMLF vs BNO | |
| United States 12 Month Oil Fund LP | -0.27 | 0.00 | 0.16 | 56 | Oil & Gas | SMLF vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | 0.01 | 0.16 | 56 | Oil & Gas | SMLF vs OILK |
See all 1666 diversifiers for SMLF
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