Looking to balance out your exposure to SMTI? The ETFs below have the lowest correlation with SMTI — they tend to move on their own, which can help reduce risk when SMTI drops. The stock ideas table highlights individual companies that behave independently from SMTI.
No Diversifiers Found for SMTI
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMTI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMTI and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.01 | -0.07 | 0.03 | 71 | Financial Services | |
| Coca-Cola Consolidated, Inc. | 0.01 | 0.10 | 0.09 | 81 | Consumer Defensive | |
| Chord Energy Corp | 0.02 | 0.17 | 0.15 | 78 | Energy | |
| Verizon Communications Inc. | 0.08 | 0.04 | 0.06 | 56 | Communication Services | |
| Teekay Tankers Ltd. | 0.09 | 0.09 | 0.10 | 80 | Energy |
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