Looking to diversify beyond SMMV? The ETFs below have historically moved differently from SMMV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SMMV
559 ETFs have low correlation with SMMV (below 0.3), 46 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.10 | 0.05 | 66 | Oil & Gas | SMMV vs DBE | |
| Invesco DB Oil Fund | -0.24 | -0.08 | 0.05 | 51 | Oil & Gas | SMMV vs DBO | |
| ProShares UltraShort Yen | -0.21 | -0.12 | -0.08 | 59 | Leveraged Currency | SMMV vs YCS | |
| United States Gasoline Fund, LP | -0.20 | -0.07 | 0.06 | 83 | Oil & Gas | SMMV vs UGA | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.20 | -0.11 | -0.07 | 51 | Nontraditional Bonds | SMMV vs RISR |
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