Looking to diversify beyond SMUP? The ETFs below have historically moved differently from SMUP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SMUP
1 ETFs have low correlation with SMUP (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-Rex 2X Long Apple Daily Target ETF | 0.11 | — | — | 69 | Leveraged Equities | SMUP vs AAPX | |
| Direxion Daily MU Bull 2X Shares | 0.35 | — | — | 98 | Leveraged Equities, Semiconductors | SMUP vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 0.37 | — | — | 98 | Leveraged Equities | SMUP vs MULL | |
| Leverage Shares 2X Long TSM Daily ETF | 0.39 | — | — | 66 | Leveraged Equities | SMUP vs TSMG | |
| Leverage Shares 2X Long ASML Daily ETF | 0.39 | 0.38 | 0.38 | 93 | Leveraged Equities | SMUP vs ASMG |
See all 12 diversifiers for SMUP
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