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
229 ETFs have low correlation with SMOG (below 0.3), 23 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.25, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.25 | -0.20 | -0.15 | 63 | Leveraged Currency | SMOG vs YCS | |
| United States Gasoline Fund LP | -0.18 | 0.00 | 0.08 | 55 | Oil & Gas | SMOG vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | SMOG vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.13 | — | — | 95 | Inflation-Protected Bonds | SMOG vs IBID | |
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.02 | -0.01 | 100 | Ultrashort Bond | SMOG vs SGOV |
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