Looking to balance out your exposure to SMLR? The ETFs below have the lowest correlation with SMLR — they tend to move on their own, which can help reduce risk when SMLR drops. The stock ideas table highlights individual companies that behave independently from SMLR.
Best Diversifiers for SMLR
2 ETFs have low correlation with SMLR (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.28, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.41 | 0.41 | 74 | S&P 500 | SMLR vs SPY | |
| Vanguard S&P 500 ETF | 0.28 | 0.41 | 0.41 | 74 | S&P 500 | SMLR vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMLR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMLR and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.15, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.15 | 0.25 | 0.30 | 80 | Technology | |
| Hawkins, Inc. | 0.18 | 0.27 | 0.26 | 51 | Basic Materials | |
| Riot Blockchain, Inc. | 0.34 | 0.40 | 0.36 | 86 | Technology |
Build a portfolio that complements SMLR
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