Looking to diversify beyond AWAY? The ETFs below have the lowest correlation with AWAY — 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 AWAY.
Best Diversifiers for AWAY
458 ETFs have low correlation with AWAY (below 0.3), 69 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 | -0.31 | — | — | 53 | Inverse Equities | AWAY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 60 | Inverse Equities, Leveraged Equities | AWAY vs MSTZ | |
| United States Gasoline Fund LP | -0.28 | -0.04 | 0.08 | 72 | Oil & Gas | AWAY vs UGA | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 65 | Derivative Income | AWAY vs WNTR | |
| ProShares UltraShort Yen | -0.26 | -0.12 | -0.08 | 75 | Leveraged Currency | AWAY vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AWAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AWAY and solid risk/return profiles. The least correlated is Equinix, Inc. (EQIX) (Real Estate) with a 1Y correlation of 0.18, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinix, Inc. | 0.18 | 0.31 | 0.34 | 88 | Real Estate | |
| Expedia Group, Inc. | 0.58 | 0.61 | 0.68 | 73 | Consumer Cyclical |
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