Looking to diversify beyond SMU? The ETFs below have the lowest correlation with SMU — 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 SMU.
Best Diversifiers for SMU
2 ETFs have low correlation with SMU (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long INTC Daily ETF | 0.29 | — | — | 96 | Leveraged Equities | SMU vs INTW | |
| Direxion Daily MU Bull 2X Shares | 0.30 | — | — | 98 | Leveraged Equities, Semiconductors | SMU vs MUU | |
| GraniteShares 2x Long DELL Daily ETF | 0.31 | — | — | 94 | Leveraged Equities | SMU vs DLLL | |
| GraniteShares 2x Long MU Daily ETF | 0.34 | — | — | 98 | Leveraged Equities | SMU vs MULL | |
| Leverage Shares 2X Long ASML Daily ETF | 0.36 | — | — | 92 | Leveraged Equities | SMU vs ASMG |
See all 14 diversifiers for SMU
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Diversification Analysis
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