Looking to diversify beyond CHAT? The ETFs below have the lowest correlation with CHAT — 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 CHAT.
Best Diversifiers for CHAT
555 ETFs have low correlation with CHAT (below 0.3), 126 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.36 | -0.35 | 57 | Cryptocurrency | CHAT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CHAT vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 68 | Inverse Equities, Leveraged Equities | CHAT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | -0.44 | -0.44 | 60 | Inverse Equities | CHAT vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | CHAT vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHAT and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.46, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.46 | -0.17 | -0.16 | 53 | Industrials | |
| Chubb Limited | -0.45 | -0.20 | — | 86 | Financial Services | |
| Duke Energy Corporation | -0.39 | -0.27 | — | 66 | Utilities | |
| The Southern Company | -0.35 | -0.25 | — | 58 | Utilities | |
| Altria Group, Inc. | -0.33 | -0.19 | -0.20 | 81 | Consumer Defensive |
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