Looking to balance out your exposure to SMTC? The ETFs below have the lowest correlation with SMTC — they tend to move on their own, which can help reduce risk when SMTC drops. The stock ideas table highlights individual companies that behave independently from SMTC.
Best Diversifiers for SMTC
2 ETFs have low correlation with SMTC (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) (Commodities) with a 1Y correlation of -0.08, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.08 | 0.03 | 0.03 | 88 | Commodities | SMTC vs CMDT | |
| Schwab U.S. Dividend Equity ETF | 0.19 | 0.29 | 0.39 | 80 | Dividend | SMTC vs SCHD | |
| SPDR Portfolio High Yield Bond ETF | 0.44 | 0.42 | 0.47 | 62 | High Yield Bonds | SMTC vs SPHY | |
| Vanguard S&P 500 ETF | 0.57 | 0.56 | 0.60 | 70 | S&P 500 | SMTC vs VOO | |
| Invesco NASDAQ 100 ETF | 0.59 | 0.57 | 0.62 | 74 | Nasdaq-100 | SMTC vs QQQM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMTC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMTC and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.05 | 0.08 | 0.09 | 86 | Energy | |
| National Retail Properties, Inc. | 0.00 | 0.09 | 0.17 | 62 | Real Estate | |
| Anterix Inc. | 0.17 | 0.21 | 0.23 | 89 | Communication Services | |
| Arrowhead Pharmaceuticals, Inc. | 0.24 | 0.31 | 0.35 | 98 | Healthcare | |
| Krystal Biotech, Inc. | 0.25 | 0.29 | 0.33 | 94 | Healthcare |
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Build a portfolio that complements SMTC
Add SMTC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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