Looking to balance out your exposure to SMSI? The ETFs below have the lowest correlation with SMSI — they tend to move on their own, which can help reduce risk when SMSI drops. The stock ideas table highlights individual companies that behave independently from SMSI.
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 0.22, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Broad USD High Yield Corporate Bond ETF | 0.22 | 0.21 | 0.31 | 60 | High Yield Bonds | SMSI vs USHY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMSI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMSI and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.05, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.05 | 0.16 | 0.28 | 78 | Technology |
Build a portfolio that complements SMSI
Add SMSI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SMSI