Looking to diversify beyond SMST.L? The ETFs below have the lowest correlation with SMST.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SMST.L.
Best Diversifiers for SMST.L
5 ETFs have low correlation with SMST.L (below 0.3), 5 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Long US Tech 100 ETP Securities | -0.38 | — | — | 53 | Leveraged Equities | SMST.L vs 3QQQ.L | |
| Leverage Shares 4x Long Semiconductors ETP Securit... | -0.35 | — | — | 97 | Leveraged Equities, Semiconductors | SMST.L vs SOXL.L | |
| Leverage Shares 3x Long Semiconductors ETP Securit... | -0.35 | -0.37 | — | 96 | Leveraged Equities, Semiconductors | SMST.L vs SMH3.L | |
| Leverage Shares 2X Long AMD Daily ETF | -0.29 | — | — | 96 | Leveraged Equities | SMST.L vs AMDG | |
| Leverage Shares 2X Long TSM Daily ETF | -0.28 | — | — | 89 | Leveraged Equities | SMST.L vs TSMG |
Diversification Analysis
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