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
1052 ETFs have low correlation with SMST (below 0.3), 1036 of which are negatively correlated. The least correlated is State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) (Blockchain) with a 1Y correlation of -0.65, roughly unchanged from -0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Galaxy Hedged Digital Asset Ecosystem... | -0.65 | -0.66 | -0.66 | 92 | Blockchain, Equity Hedged | SMST vs HECO | |
| State Street Galaxy Digital Asset Ecosystem ETF | -0.65 | — | — | 91 | Blockchain | SMST vs DECO | |
| iShares Convertible Bond ETF | -0.57 | — | — | 84 | Preferred Stock/Convertible Bonds | SMST vs ICVT | |
| SPDR Bloomberg Barclays Convertible Securities ETF | -0.56 | -0.58 | -0.58 | 80 | Preferred Stock/Convertible Bonds | SMST vs CWB | |
| KraneShares Artificial Intelligence & Technology E... | -0.55 | -0.52 | -0.52 | 54 | Technology Equities | SMST vs AGIX |
See all 1052 diversifiers for SMST
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