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
301 ETFs have low correlation with SMOG (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.34 | -0.37 | 57 | Cryptocurrency | SMOG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SMOG vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 68 | Inverse Equities, Leveraged Equities | SMOG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | SMOG vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.36 | -0.40 | -0.41 | 51 | Currency | SMOG vs UUP |
See all 1531 diversifiers for SMOG
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