Looking to diversify beyond CHAU? The ETFs below have the lowest correlation with CHAU — 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 CHAU.
Best Diversifiers for CHAU
623 ETFs have low correlation with CHAU (below 0.3), 64 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.18, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.18 | -0.18 | -0.18 | 53 | Inverse Equities | CHAU vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.18 | -0.18 | -0.18 | 60 | Inverse Equities, Leveraged Equities | CHAU vs MSTZ | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.18 | -0.08 | -0.01 | 100 | Government Bonds, Ultrashort Bond | CHAU vs BIL | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.17 | -0.18 | -0.18 | 65 | Derivative Income | CHAU vs WNTR | |
| Texas Capital Government Money Market ETF | -0.16 | — | — | 100 | Money Market | CHAU vs MMKT |
See all 2059 diversifiers for CHAU
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Diversification Analysis
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