Looking to balance out your exposure to SMMNY? The ETFs below have historically moved differently from SMMNY, 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 SMMNY
2 ETFs have low correlation with SMMNY (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Semiconductor ETF (XSD) (Semiconductors) with a 1Y correlation of 0.09, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Semiconductor ETF | 0.09 | 0.26 | 0.30 | 77 | Semiconductors, Technology Equities | SMMNY vs XSD | |
| State Street Technology Select Sector SPDR ETF | 0.17 | 0.30 | 0.34 | 55 | Technology Equities | SMMNY vs XLK | |
| Global X US Infrastructure Development ETF | 0.33 | 0.36 | 0.38 | 52 | Infrastructure Equities, Industrials Equities | SMMNY vs PAVE | |
| State Street Health Care Select Sector SPDR ETF | 0.38 | 0.36 | 0.40 | 72 | Health & Biotech Equities | SMMNY vs XLV | |
| Vanguard Total Stock Market ETF | 0.39 | 0.42 | 0.42 | 67 | Large Cap Blend Equities | SMMNY vs VTI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SMMNY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of 0.03, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.03 | 0.13 | 0.20 | 77 | Utilities | |
| Walmart Inc. | 0.07 | 0.13 | 0.18 | 62 | Consumer Defensive | |
| Texas Instruments Incorporated | 0.09 | 0.23 | 0.28 | 82 | Technology | |
| Caterpillar Inc. | 0.15 | 0.26 | 0.25 | 92 | Industrials | |
| Lockheed Martin Corporation | 0.19 | 0.11 | 0.09 | 80 | Industrials |
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