Looking to diversify beyond APPX? The ETFs below have the lowest correlation with APPX — 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 APPX.
Best Diversifiers for APPX
1371 ETFs have low correlation with APPX (below 0.3), 150 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 68 | Inverse Equities, Leveraged Equities | APPX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | — | — | 53 | Inverse Equities | APPX vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 70 | Derivative Income | APPX vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | -0.27 | -0.27 | 52 | Cryptocurrency, Leveraged Cryptocurrency | APPX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.28 | -0.27 | -0.27 | 57 | Cryptocurrency | APPX vs BITI |
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