Looking to balance out your exposure to SMMNY? The ETFs below have the lowest correlation with SMMNY — they tend to move on their own, which can help reduce risk when SMMNY drops. The stock ideas table highlights individual companies that behave independently from SMMNY.
Best Diversifiers for SMMNY
1 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 0.23, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Semiconductor ETF | 0.23 | 0.32 | 0.32 | 95 | Semiconductors, Technology Equities | SMMNY vs XSD | |
| State Street Technology Select Sector SPDR ETF | 0.31 | 0.35 | 0.36 | 82 | Technology Equities | SMMNY vs XLK | |
| Global X US Infrastructure Development ETF | 0.40 | 0.37 | 0.38 | 62 | Industrials Equities | SMMNY vs PAVE | |
| Vanguard Small-Cap ETF | 0.45 | 0.41 | 0.39 | 60 | Small Cap Blend Equities | SMMNY vs VB | |
| Vanguard Total Stock Market ETF | 0.45 | 0.44 | 0.43 | 73 | Large Cap Blend Equities | SMMNY vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMMNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMMNY and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.01 | 0.12 | 0.17 | 66 | Consumer Defensive | |
| Lockheed Martin Corporation | 0.13 | 0.08 | 0.07 | 51 | Industrials | |
| Texas Instruments Incorporated | 0.18 | 0.27 | 0.29 | 80 | Technology | |
| Apple Inc | 0.22 | 0.26 | 0.29 | 90 | Technology | |
| Eli Lilly and Company | 0.23 | 0.19 | 0.21 | 75 | Healthcare |
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