Looking to balance out your exposure to SMMT? The ETFs below have the lowest correlation with SMMT — they tend to move on their own, which can help reduce risk when SMMT drops. The stock ideas table highlights individual companies that behave independently from SMMT.
Best Diversifiers for SMMT
8 ETFs have low correlation with SMMT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.01, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.01 | 0.07 | 0.04 | 63 | Energy Equities | SMMT vs XLE | |
| Janus Henderson AAA CLO ETF | 0.06 | 0.04 | 0.02 | 98 | CLO | SMMT vs JAAA | |
| VanEck Semiconductor ETF | 0.26 | 0.24 | 0.22 | 96 | Semiconductors, Technology Equities | SMMT vs SMH | |
| Vanguard Information Technology ETF | 0.26 | 0.26 | 0.23 | 76 | Technology Equities | SMMT vs VGT | |
| ProShares Ultra Semiconductors | 0.27 | 0.24 | 0.22 | 90 | Leveraged Equities, Semiconductors | SMMT vs USD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMMT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMMT and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | -0.05 | -0.03 | 69 | Consumer Defensive | |
| Walmart Inc. | 0.01 | 0.10 | 0.05 | 63 | Consumer Defensive | |
| Ventas, Inc. | 0.02 | 0.09 | 0.11 | 80 | Real Estate | |
| Alliance Entertainment Holding Corporation Class A... | 0.08 | 0.07 | 0.07 | 66 | Communication Services | |
| Fortinet, Inc. | 0.09 | 0.13 | 0.16 | 66 | Technology |
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Build a portfolio that complements SMMT
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