Looking to diversify beyond SMN? The ETFs below have historically moved differently from SMN, 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 SMN
1276 ETFs have low correlation with SMN (below 0.3), 1258 of which are negatively correlated. The least correlated is iShares U.S. Basic Materials ETF (IYM) (Materials) with a 1Y correlation of -0.90, roughly unchanged from -0.95 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Basic Materials ETF | -0.90 | -0.93 | -0.95 | 55 | Materials | SMN vs IYM | |
| First Trust Materials AlphaDEX Fund | -0.87 | -0.87 | -0.90 | 70 | Materials | SMN vs FXZ | |
| JPMorgan Diversified Return US Equity ETF | -0.79 | -0.82 | -0.83 | 88 | Large Cap Blend Equities | SMN vs JPUS | |
| JPMorgan Diversified Return US Mid Cap Equity ETF | -0.79 | -0.81 | -0.83 | 85 | Mid Cap Blend Equities | SMN vs JPME | |
| iShares Russell Mid-Cap Value ETF | -0.78 | -0.81 | -0.83 | 85 | Mid Cap Value Equities | SMN vs IWS |
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