Looking to diversify beyond ADPV? The ETFs below have historically moved differently from ADPV, 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 ADPV
536 ETFs have low correlation with ADPV (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.34 | — | 61 | Cryptocurrency | ADPV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ADPV vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 52 | Inverse Equities | ADPV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | ADPV vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 75 | Derivative Income | ADPV vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ADPV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.23, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.23 | 0.01 | 0.04 | 89 | Financial Services | |
| Duke Energy Corporation | -0.23 | -0.06 | -0.03 | 56 | Utilities | |
| The Coca-Cola Company | -0.21 | -0.04 | -0.02 | 90 | Consumer Defensive | |
| PepsiCo, Inc. | -0.19 | -0.06 | -0.05 | 50 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.18 | -0.05 | -0.04 | 59 | Consumer Defensive |
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