Looking to diversify beyond SMMD? The ETFs below have historically moved differently from SMMD, 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 SMMD
254 ETFs have low correlation with SMMD (below 0.3), 69 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.48 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SMMD vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | SMMD vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.48 | -0.40 | — | 61 | Cryptocurrency | SMMD vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 75 | Derivative Income | SMMD vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.30 | -0.10 | — | 56 | Options Trading | SMMD vs CAOS |
See all 1731 diversifiers for SMMD
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