Looking to diversify beyond ADBU? The ETFs below have the lowest correlation with ADBU — 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 ADBU.
Best Diversifiers for ADBU
2 ETFs have low correlation with ADBU (below 0.3), 1 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of -0.24, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | -0.24 | -0.24 | -0.24 | 96 | Leveraged Equities, Semiconductors | ADBU vs SOXL | |
| Direxion Daily Technology Bull 3X Shares | 0.12 | 0.12 | 0.12 | 65 | Leveraged Equities, Technology Equities | ADBU vs TECL |
Diversification Analysis
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