Looking to balance out your exposure to SMR? The ETFs below have historically moved differently from SMR, 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 SMR
92 ETFs have low correlation with SMR (below 0.3), 34 of which are negatively correlated. The least correlated is iShares U.S. Insurance ETF (IAK) (Financials Equities) with a 1Y correlation of -0.17, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Insurance ETF | -0.17 | 0.03 | 0.10 | 53 | Financials Equities | SMR vs IAK | |
| iShares Core High Dividend ETF | -0.16 | 0.09 | 0.13 | 92 | Dividend, Large Cap Value Equities | SMR vs HDV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.15 | 0.07 | 0.11 | 61 | Dividend, Low Volatility | SMR vs LVHD | |
| Vanguard Ultra-Short Treasury ETF | -0.12 | — | — | 100 | Ultrashort Bond, Government Bonds | SMR vs VGUS | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.03 | -0.05 | 100 | Ultrashort Bond | SMR vs SGOV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SMR, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.31, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.31 | -0.07 | -0.02 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.25 | -0.09 | -0.04 | 90 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.25 | -0.12 | -0.07 | 59 | Consumer Defensive | |
| PepsiCo, Inc. | -0.24 | -0.12 | -0.07 | 50 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | -0.06 | -0.01 | 56 | Utilities |
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