Looking to diversify beyond SMYY? The ETFs below have the lowest correlation with SMYY — 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 SMYY.
Best Diversifiers for SMYY
3 ETFs have low correlation with SMYY (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) (Nasdaq-100) with a 1Y correlation of 0.19, roughly unchanged from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.19 | 0.19 | — | 73 | Nasdaq-100, Options Trading | SMYY vs QYLP.L | |
| Innovator Premium Income 30 Barrier ETF - April | 0.21 | 0.21 | 0.21 | 98 | Options Trading | SMYY vs APRJ | |
| Global X Canadian S&P/TSX 60 Covered Call ETF | 0.27 | 0.27 | 0.27 | 81 | Options Trading | SMYY vs CNCC.TO | |
| Innovator Premium Income 15 Buffer ETF - October | 0.39 | 0.39 | 0.39 | 89 | Options Trading | SMYY vs LOCT | |
| PGIM US Large-Cap Buffer 12 ETF - April | 0.43 | 0.43 | 0.43 | 98 | Options Trading | SMYY vs APRP |
See all 7 diversifiers for SMYY
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SMYY
Add SMYY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SMYY