Looking to diversify beyond AFK? The ETFs below have the lowest correlation with AFK — 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 AFK.
Best Diversifiers for AFK
402 ETFs have low correlation with AFK (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.33, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.33 | -0.25 | -0.23 | 75 | Leveraged Currency | AFK vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | -0.31 | -0.31 | 53 | Inverse Equities | AFK vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | -0.31 | -0.31 | 60 | Inverse Equities, Leveraged Equities | AFK vs MSTZ | |
| Return Stacked Bonds & Futures Yield ETF | -0.29 | — | — | 51 | Multistrategy | AFK vs RSBY | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 65 | Derivative Income | AFK vs WNTR |
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