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 0.12, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Russell 2000 ETF | 0.12 | 0.23 | 0.37 | 69 | Small Cap Blend Equities | SMPL vs IWM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMPL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMPL and solid risk/return profiles. The least correlated is Tyson Foods, Inc. (TSN) (Consumer Defensive) with a 1Y correlation of 0.16, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tyson Foods, Inc. | 0.16 | 0.20 | 0.26 | 58 | Consumer Defensive |
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