Looking to diversify beyond ALIL? The ETFs below have the lowest correlation with ALIL — 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 ALIL.
Best Diversifiers for ALIL
347 ETFs have low correlation with ALIL (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.34 | -0.34 | 53 | Cryptocurrency | ALIL vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | -0.34 | -0.34 | 56 | Inverse Equities | ALIL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | -0.34 | -0.34 | 65 | Inverse Equities, Leveraged Equities | ALIL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 70 | Derivative Income | ALIL vs WNTR | |
| Invesco DB Energy Fund | -0.26 | — | — | 57 | Oil & Gas | ALIL vs DBE |
See all 2072 diversifiers for ALIL
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