Looking to diversify beyond CEFA? The ETFs below have historically moved differently from CEFA, 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 CEFA
279 ETFs have low correlation with CEFA (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.30 | -0.33 | 61 | Cryptocurrency | CEFA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.33 | -0.33 | 55 | Cryptocurrency, Leveraged Cryptocurrency | CEFA vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | CEFA vs MSTZ | |
| ProShares UltraShort Yen | -0.38 | -0.28 | -0.24 | 56 | Leveraged Currency | CEFA vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 52 | Inverse Equities | CEFA vs SMST |
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