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
235 ETFs have low correlation with SMLF (below 0.3), 59 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.45, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | -0.45 | -0.45 | 68 | Inverse Equities, Leveraged Equities | SMLF vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.44 | -0.39 | -0.41 | 57 | Cryptocurrency | SMLF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SMLF vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | SMLF vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.31 | -0.26 | -0.31 | 51 | Currency | SMLF vs UUP |
See all 1558 diversifiers for SMLF
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