Looking to balance out your exposure to SMR? The ETFs below have the lowest correlation with SMR — they tend to move on their own, which can help reduce risk when SMR drops. The stock ideas table highlights individual companies that behave independently from SMR.
Best Diversifiers for SMR
91 ETFs have low correlation with SMR (below 0.3), 25 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.12 | 0.03 | 0.07 | 66 | Oil & Gas | SMR vs USO | |
| iShares 0-5 Year TIPS Bond ETF | -0.10 | 0.04 | 0.06 | 93 | Inflation-Protected Bonds | SMR vs STIP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | SMR vs BIL | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.09 | 0.03 | 0.06 | 93 | Inflation-Protected Bonds | SMR vs VTIP | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.03 | -0.05 | 100 | Ultrashort Bond | SMR vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMR and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | -0.03 | 0.01 | 69 | Consumer Defensive | |
| PepsiCo, Inc. | -0.19 | -0.10 | -0.05 | 56 | Consumer Defensive | |
| The Coca-Cola Company | -0.17 | -0.07 | -0.02 | 66 | Consumer Defensive | |
| Murphy USA Inc. | -0.17 | -0.01 | 0.03 | 62 | Consumer Cyclical | |
| Chubb Limited | -0.16 | -0.03 | 0.03 | 51 | Financial Services |
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