Looking to balance out your exposure to SMPL? The ETFs below have historically moved differently from SMPL, 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 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 0.13, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Russell 2000 ETF | 0.13 | 0.23 | 0.37 | 79 | Small Cap Blend Equities | SMPL vs IWM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SMPL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Tyson Foods, Inc. (TSN) (Consumer Defensive) with a 1Y correlation of 0.15, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tyson Foods, Inc. | 0.15 | 0.21 | 0.26 | 62 | Consumer Defensive |
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