Looking to diversify beyond ALTY? The ETFs below have the lowest correlation with ALTY — 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 ALTY.
Best Diversifiers for ALTY
272 ETFs have low correlation with ALTY (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, down from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.30 | -0.29 | 57 | Cryptocurrency | ALTY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ALTY vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.38 | -0.30 | -0.35 | 51 | Currency | ALTY vs UUP | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | -0.38 | -0.38 | 60 | Inverse Equities | ALTY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.36 | -0.36 | 68 | Inverse Equities, Leveraged Equities | ALTY vs MSTZ |
See all 2048 diversifiers for ALTY
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