Looking to diversify beyond SMMD? The ETFs below have the lowest correlation with SMMD — 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 SMMD.
Best Diversifiers for SMMD
235 ETFs have low correlation with SMMD (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.40 | -0.42 | 57 | Cryptocurrency | SMMD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.44 | -0.44 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SMMD vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | -0.44 | -0.44 | 68 | Inverse Equities, Leveraged Equities | SMMD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | -0.45 | -0.45 | 70 | Derivative Income | SMMD vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.31 | -0.27 | -0.32 | 51 | Currency | SMMD vs UUP |
See all 1554 diversifiers for SMMD
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