Looking to diversify beyond STSM? The ETFs below have historically moved differently from STSM, 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 STSM
1 ETFs have low correlation with STSM (below 0.3), 1 of which are negatively correlated. The least correlated is Leverage Shares 2X Long ASML Daily ETF (ASMG) (Leveraged Equities) with a 1Y correlation of -0.68, roughly unchanged from -0.68 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ASML Daily ETF | -0.68 | -0.68 | -0.68 | 91 | Leveraged Equities | STSM vs ASMG |
Diversification Analysis
Build a portfolio that complements STSM
Add STSM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with STSM