Looking to diversify beyond SMYY? The ETFs below have historically moved differently from SMYY, 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 SMYY
0 ETFs have low correlation with SMYY (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM US Large-Cap Buffer 12 ETF - April (APRP) (Options Trading) with a 1Y correlation of 0.41, roughly unchanged from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM US Large-Cap Buffer 12 ETF - April | 0.41 | 0.41 | 0.41 | 82 | Options Trading | SMYY vs APRP |
Diversification Analysis
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