Looking to diversify beyond SMMV? The ETFs below have the lowest correlation with SMMV — 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 SMMV.
Best Diversifiers for SMMV
497 ETFs have low correlation with SMMV (below 0.3), 44 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.69, roughly unchanged from -0.69 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.69 | -0.69 | -0.69 | 99 | Leveraged Equities, Semiconductors | SMMV vs MUU | |
| Invesco DB US Dollar Index Bullish Fund | -0.24 | -0.23 | -0.28 | 51 | Currency | SMMV vs UUP | |
| ProShares UltraShort Yen | -0.23 | -0.12 | -0.08 | 72 | Leveraged Currency | SMMV vs YCS | |
| Invesco DB Energy Fund | -0.23 | -0.08 | 0.06 | 53 | Oil & Gas | SMMV vs DBE | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | -0.26 | -0.26 | 68 | Inverse Equities, Leveraged Equities | SMMV vs MSTZ |
See all 1555 diversifiers for SMMV
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