Looking to diversify beyond ARKW? The ETFs below have the lowest correlation with ARKW — 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 ARKW.
Best Diversifiers for ARKW
501 ETFs have low correlation with ARKW (below 0.3), 74 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.70 | — | — | 60 | Inverse Equities | ARKW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.70 | — | — | 68 | Inverse Equities, Leveraged Equities | ARKW vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.68 | -0.61 | -0.58 | 57 | Cryptocurrency | ARKW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.68 | -0.66 | -0.66 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ARKW vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.67 | — | — | 70 | Derivative Income | ARKW vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARKW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARKW and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.33, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.33 | -0.13 | -0.01 | 83 | Consumer Defensive | |
| Altria Group, Inc. | -0.30 | -0.08 | -0.01 | 81 | Consumer Defensive | |
| Chubb Limited | -0.28 | -0.10 | 0.02 | 86 | Financial Services | |
| Verizon Communications Inc. | -0.28 | -0.12 | -0.02 | 57 | Communication Services | |
| Waste Management, Inc. | -0.26 | -0.06 | 0.05 | 53 | Industrials |
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