Looking to diversify beyond CEFS? The ETFs below have historically moved differently from CEFS, 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 CEFS
561 ETFs have low correlation with CEFS (below 0.3), 107 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | CEFS vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 52 | Inverse Equities | CEFS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | CEFS vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CEFS vs SBIT | |
| ProShares Short Bitcoin ETF | -0.36 | -0.28 | — | 61 | Cryptocurrency | CEFS vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CEFS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.22, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.22 | 0.07 | 0.24 | 80 | Energy | |
| Altria Group, Inc. | -0.21 | -0.01 | 0.10 | 66 | Consumer Defensive | |
| Realty Income Corporation | -0.06 | 0.16 | 0.23 | 77 | Real Estate | |
| Berkshire Hathaway Inc. | -0.04 | 0.23 | 0.34 | 61 | Financial Services | |
| TKO Group Holdings Inc. | 0.13 | — | — | 54 | Communication Services |
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