Looking to diversify beyond SMMU? The ETFs below have the lowest correlation with SMMU — 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 SMMU.
Best Diversifiers for SMMU
1395 ETFs have low correlation with SMMU (below 0.3), 86 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.25, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.25 | -0.29 | -0.29 | 61 | Leveraged Currency | SMMU vs YCS | |
| Invesco DB Energy Fund | -0.19 | -0.11 | -0.06 | 71 | Oil & Gas | SMMU vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.17 | -0.12 | -0.12 | 56 | Derivative Income | SMMU vs USOY | |
| United States Gasoline Fund LP | -0.17 | -0.08 | -0.04 | 69 | Oil & Gas | SMMU vs UGA | |
| United States Oil Fund LP | -0.17 | -0.10 | -0.06 | 66 | Oil & Gas | SMMU vs USO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMMU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMMU and solid risk/return profiles. The least correlated is Capricor Therapeutics, Inc. (CAPR) (Healthcare) with a 1Y correlation of -0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Capricor Therapeutics, Inc. | -0.03 | 0.05 | 0.04 | 79 | Healthcare | |
| Altria Group, Inc. | -0.02 | 0.10 | 0.05 | 69 | Consumer Defensive | |
| Astronics Corporation | 0.03 | 0.07 | 0.03 | 93 | Industrials | |
| Advanced Micro Devices, Inc. | 0.04 | 0.04 | 0.07 | 98 | Technology | |
| Argan, Inc. | 0.10 | 0.06 | 0.08 | 93 | Industrials |
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