Looking to balance out your exposure to SMPL? The ETFs below have the lowest correlation with SMPL — they tend to move on their own, which can help reduce risk when SMPL drops. The stock ideas table highlights individual companies that behave independently from SMPL.
Best Diversifiers for SMPL
1 ETFs have low correlation with SMPL (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Russell 2000 ETF (IWM) (Small Cap Blend Equities) with a 1Y correlation of 0.19, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Russell 2000 ETF | 0.19 | 0.23 | 0.38 | 68 | Small Cap Blend Equities | SMPL vs IWM |
Diversification Analysis
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