Looking to diversify beyond ARKX? The ETFs below have the lowest correlation with ARKX — 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 ARKX.
Best Diversifiers for ARKX
461 ETFs have low correlation with ARKX (below 0.3), 54 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.52, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.52 | -0.48 | -0.48 | 68 | Inverse Equities, Leveraged Equities | ARKX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.52 | -0.49 | -0.49 | 60 | Inverse Equities | ARKX vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.51 | — | — | 70 | Derivative Income | ARKX vs WNTR | |
| ProShares Short Bitcoin ETF | -0.48 | -0.38 | -0.40 | 57 | Cryptocurrency | ARKX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ARKX vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARKX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARKX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.23 | -0.08 | 0.07 | 83 | Consumer Defensive | |
| Altria Group, Inc. | -0.20 | -0.01 | 0.08 | 81 | Consumer Defensive | |
| Waste Management, Inc. | -0.20 | -0.01 | 0.13 | 53 | Industrials | |
| Verizon Communications Inc. | -0.18 | -0.02 | 0.06 | 57 | Communication Services | |
| Duke Energy Corporation | -0.17 | -0.06 | 0.02 | 66 | Utilities |
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