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
0 ETFs have low correlation with SMYY (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Vest NASDAQ-100 Conservative Buffer ETF - April | 0.44 | — | — | 91 | Nasdaq-100, Options Trading | SMYY vs QCAP | |
| Allianzim U.S. Large Cap 6 Month Floor5 Jan/Jul ET... | 0.46 | 0.46 | — | 90 | Options Trading | SMYY vs FLJJ | |
| Parametric Hedged Equity ETF | 0.48 | 0.48 | — | 81 | Options Trading | SMYY vs PHEQ | |
| YieldMax AMD Option Income Strategy ETF | 0.49 | 0.49 | 0.49 | 90 | Derivative Income, Options Trading | SMYY vs AMDY | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 0.51 | 0.51 | 0.51 | 64 | Derivative Income, Options Trading | SMYY vs QDTE |
Diversification Analysis
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