Looking to diversify beyond ARKX? The ETFs below have historically moved differently from ARKX, 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 ARKX
508 ETFs have low correlation with ARKX (below 0.3), 76 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.53 | — | — | 69 | Derivative Income | ARKX vs WNTR | |
| ProShares Short Bitcoin ETF | -0.50 | -0.38 | — | 51 | Cryptocurrency | ARKX vs BITI | |
| Invesco DB Energy Fund | -0.14 | -0.02 | 0.08 | 66 | Oil & Gas | ARKX vs DBE | |
| YieldMax XOM Option Income Strategy ETF | -0.14 | 0.05 | 0.05 | 52 | Derivative Income, Dividend | ARKX vs XOMO | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.14 | -0.11 | -0.10 | 51 | Nontraditional Bonds | ARKX vs RISR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ARKX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.26 | -0.08 | 0.06 | 87 | Consumer Defensive | |
| Altria Group, Inc. | -0.24 | -0.02 | 0.07 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.18 | -0.07 | 0.02 | 52 | Utilities | |
| Philip Morris International Inc. | -0.18 | 0.02 | 0.11 | 64 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.18 | -0.08 | 0.01 | 57 | Consumer Defensive |
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