Looking to diversify beyond SMN? The ETFs below have the lowest correlation with SMN — 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 SMN.
Best Diversifiers for SMN
1160 ETFs have low correlation with SMN (below 0.3), 1143 of which are negatively correlated. The least correlated is iShares U.S. Basic Materials ETF (IYM) (Materials) with a 1Y correlation of -0.92, roughly unchanged from -0.96 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Basic Materials ETF | -0.92 | -0.94 | -0.96 | 58 | Materials | SMN vs IYM | |
| First Trust Materials AlphaDEX Fund | -0.90 | -0.88 | -0.91 | 74 | Materials | SMN vs FXZ | |
| JPMorgan Diversified Return US Mid Cap Equity ETF | -0.80 | -0.82 | -0.84 | 59 | Mid Cap Blend Equities | SMN vs JPME | |
| JPMorgan Diversified Return US Equity ETF | -0.80 | -0.82 | -0.84 | 60 | Large Cap Blend Equities | SMN vs JPUS | |
| Invesco Russell 1000 Equal Weight ETF | -0.78 | -0.81 | -0.82 | 63 | Mid Cap Blend Equities | SMN vs EQAL |
See all 1160 diversifiers for SMN
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