Looking to balance out your exposure to SMSI? The ETFs below have historically moved differently from SMSI, 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 SMSI
1 ETFs have low correlation with SMSI (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Broad USD High Yield Corporate Bond ETF (USHY) (High Yield Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Broad USD High Yield Corporate Bond ETF | 0.24 | 0.21 | 0.31 | 69 | High Yield Bonds | SMSI vs USHY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SMSI, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.06, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.06 | 0.16 | 0.29 | 61 | Technology |
Build a portfolio that complements SMSI
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