Looking to diversify beyond AUGW? The ETFs below have the lowest correlation with AUGW — 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 AUGW.
Best Diversifiers for AUGW
386 ETFs have low correlation with AUGW (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.34 | -0.34 | 57 | Cryptocurrency | AUGW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AUGW vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | — | — | 53 | Inverse Equities | AUGW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 68 | Inverse Equities, Leveraged Equities | AUGW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | AUGW vs WNTR |
See all 2056 diversifiers for AUGW
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