Looking to diversify beyond SMOG? The ETFs below have the lowest correlation with SMOG — 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 SMOG.
Best Diversifiers for SMOG
292 ETFs have low correlation with SMOG (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.01 | 0.08 | 71 | Oil & Gas | SMOG vs DBE | |
| United States Oil Fund LP | -0.25 | -0.02 | 0.07 | 66 | Oil & Gas | SMOG vs USO | |
| ProShares UltraShort Yen | -0.23 | -0.20 | -0.15 | 63 | Leveraged Currency | SMOG vs YCS | |
| United States Brent Oil Fund LP | -0.23 | 0.00 | 0.08 | 65 | Oil & Gas | SMOG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.21 | -0.03 | -0.03 | 56 | Derivative Income | SMOG vs USOY |
See all 1656 diversifiers for SMOG
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