Looking to diversify beyond APPX? The ETFs below have historically moved differently from APPX, 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 APPX
1566 ETFs have low correlation with APPX (below 0.3), 216 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | APPX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 52 | Inverse Equities | APPX vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 75 | Derivative Income | APPX vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | APPX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.31 | — | — | 61 | Cryptocurrency | APPX vs BITI |
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