Looking to diversify beyond SMOT? The ETFs below have historically moved differently from SMOT, 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 SMOT
177 ETFs have low correlation with SMOT (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.30, roughly unchanged from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.30 | -0.31 | — | 61 | Cryptocurrency | SMOT vs BITI | |
| Invesco DB Energy Fund | -0.28 | -0.08 | — | 72 | Oil & Gas | SMOT vs DBE | |
| Alpha Architect Tail Risk ETF | -0.27 | -0.08 | — | 56 | Options Trading | SMOT vs CAOS | |
| United States Brent Oil Fund LP | -0.25 | -0.06 | — | 52 | Oil & Gas | SMOT vs BNO | |
| Invesco DB Oil Fund | -0.24 | -0.05 | — | 58 | Oil & Gas | SMOT vs DBO |
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