Looking to diversify beyond SMLV? The ETFs below have historically moved differently from SMLV, 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 SMLV
384 ETFs have low correlation with SMLV (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.11 | 0.05 | 72 | Oil & Gas | SMLV vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.10 | 0.04 | 52 | Oil & Gas | SMLV vs BNO | |
| United States Oil Fund LP | -0.33 | -0.10 | 0.04 | 55 | Oil & Gas | SMLV vs USO | |
| Invesco DB Oil Fund | -0.32 | -0.09 | 0.06 | 58 | Oil & Gas | SMLV vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.05 | 0.09 | 67 | Commodities | SMLV vs GSG |
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