Looking to diversify beyond SMST? The ETFs below have the lowest correlation with SMST — 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.
Best Diversifiers for SMST
1187 ETFs have low correlation with SMST (below 0.3), 1165 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | -0.66 | — | — | 90 | Blockchain, Equity Hedged | SMST vs HECO | |
| State Street Galaxy Digital Asset Ecosystem ETF | -0.66 | — | — | 89 | Blockchain | SMST vs DECO | |
| Fundstrat Granny Shots US Large Cap ETF | -0.58 | — | — | 52 | Large Cap Blend Equities | SMST vs GRNY | |
| iShares Convertible Bond ETF | -0.58 | — | — | 89 | Preferred Stock/Convertible Bonds | SMST vs ICVT | |
| SPDR Bloomberg Barclays Convertible Securities ETF | -0.58 | — | — | 87 | Preferred Stock/Convertible Bonds | SMST vs CWB |
See all 1187 diversifiers for SMST
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Diversification Analysis
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