Looking to balance out your exposure to SMNEY? The ETFs below have historically moved differently from SMNEY, 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 SMNEY
4 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 -0.06, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.06 | 0.01 | 0.01 | 100 | Ultrashort Bond | SMNEY vs SGOV | |
| Alerian MLP ETF | 0.05 | 0.19 | 0.25 | 66 | MLPs | SMNEY vs AMLP | |
| Invesco FTSE RAFI Emerging Markets ETF | 0.25 | 0.35 | 0.40 | 75 | Emerging Markets Equities | SMNEY vs PXH | |
| iShares MSCI Emerging Markets ETF | 0.26 | 0.37 | 0.42 | 63 | Emerging Markets Equities | SMNEY vs EEM | |
| Vanguard S&P 500 ETF | 0.37 | 0.40 | 0.42 | 68 | S&P 500 | SMNEY vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SMNEY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.24, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.24 | -0.05 | 0.04 | 90 | Consumer Defensive | |
| Severn Trent PLC PK | -0.12 | 0.05 | 0.08 | 73 | Utilities | |
| Kinder Morgan, Inc. | -0.03 | 0.15 | 0.20 | 72 | Energy | |
| Walmart Inc. | -0.03 | 0.08 | 0.10 | 62 | Consumer Defensive | |
| Linde plc | -0.02 | 0.10 | 0.22 | 51 | Basic Materials |
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