Looking to balance out your exposure to SMNEY? The ETFs below have the lowest correlation with SMNEY — they tend to move on their own, which can help reduce risk when SMNEY drops. The stock ideas table highlights individual companies that behave independently from SMNEY.
Best Diversifiers for SMNEY
5 ETFs have low correlation with SMNEY (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.11, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.01 | 0.02 | 100 | Ultrashort Bond | SMNEY vs SGOV | |
| iShares Silver Trust | 0.05 | 0.17 | 0.21 | 51 | Silver, Precious Metals | SMNEY vs SLV | |
| VanEck Rare Earth and Strategic Metals ETF | 0.11 | 0.27 | 0.31 | 86 | Materials | SMNEY vs REMX | |
| Invesco FTSE RAFI Emerging Markets ETF | 0.25 | 0.37 | 0.40 | 70 | Emerging Markets Equities | SMNEY vs PXH | |
| iShares MSCI Emerging Markets ETF | 0.29 | 0.40 | 0.42 | 79 | Emerging Markets Diversified | SMNEY vs EEM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMNEY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMNEY and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.17 | -0.07 | 0.02 | 62 | Consumer Defensive | |
| Severn Trent PLC PK | -0.10 | 0.05 | 0.08 | 63 | Utilities | |
| Equinor ASA | -0.07 | 0.09 | 0.14 | 83 | Energy | |
| Linde plc | -0.02 | 0.11 | 0.22 | 53 | Basic Materials | |
| Pfizer Inc. | -0.01 | 0.07 | 0.10 | 64 | Healthcare |
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