Looking to diversify beyond CEFA? The ETFs below have the lowest correlation with CEFA — 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 CEFA.
Best Diversifiers for CEFA
260 ETFs have low correlation with CEFA (below 0.3), 63 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.59, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.59 | -0.53 | -0.52 | 51 | Currency | CEFA vs UUP | |
| ProShares UltraShort Yen | -0.42 | -0.27 | -0.24 | 72 | Leveraged Currency | CEFA vs YCS | |
| ProShares Short Bitcoin ETF | -0.38 | -0.30 | -0.32 | 57 | Cryptocurrency | CEFA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CEFA vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | -0.29 | -0.29 | 60 | Inverse Equities | CEFA vs SMST |
See all 2047 diversifiers for CEFA
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