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
408 ETFs have low correlation with SMMV (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.10 | -0.07 | 61 | Leveraged Currency | SMMV vs YCS | |
| Invesco DB Energy Fund | -0.22 | -0.05 | 0.08 | 71 | Oil & Gas | SMMV vs DBE | |
| United States Oil Fund LP | -0.21 | -0.03 | 0.07 | 66 | Oil & Gas | SMMV vs USO | |
| United States Brent Oil Fund LP | -0.21 | -0.04 | 0.06 | 65 | Oil & Gas | SMMV vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.21 | -0.03 | 0.08 | 55 | Oil & Gas | SMMV vs OILK |
See all 1595 diversifiers for SMMV
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