Looking to diversify beyond ARKD? The ETFs below have the lowest correlation with ARKD — 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 ARKD.
Best Diversifiers for ARKD
286 ETFs have low correlation with ARKD (below 0.3), 64 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.28, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.28 | -0.28 | -0.28 | 72 | Oil & Gas | ARKD vs UGA | |
| Invesco S&P 500 Equal Weight Energy ETF | -0.22 | -0.22 | -0.22 | 52 | Energy Equities, S&P 500, Equal Weight | ARKD vs RSPG | |
| Neuberger Berman Energy Transition & Infrastructur... | -0.22 | -0.22 | -0.22 | 63 | Energy Equities | ARKD vs NBET | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.21 | -0.21 | -0.21 | 51 | Commodities | ARKD vs PDBC | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | -0.21 | -0.21 | -0.21 | 51 | MLPs | ARKD vs MLPB |
See all 2036 diversifiers for ARKD
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