Looking to diversify beyond CHIQ? The ETFs below have the lowest correlation with CHIQ — 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 CHIQ.
Best Diversifiers for CHIQ
707 ETFs have low correlation with CHIQ (below 0.3), 40 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.39, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.39 | -0.39 | -0.39 | 98 | Leveraged Equities, Semiconductors | CHIQ vs MUU | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 53 | Inverse Equities | CHIQ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 61 | Inverse Equities, Leveraged Equities | CHIQ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 69 | Derivative Income | CHIQ vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.24 | -0.08 | — | 53 | Options Trading | CHIQ vs CAOS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHIQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHIQ and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.04 | 0.07 | 0.06 | 80 | Healthcare | |
| Sterling Infrastructure, Inc. | 0.22 | 0.18 | 0.22 | 93 | Industrials | |
| China Yuchai International Limited | 0.31 | 0.20 | 0.24 | 81 | Industrials | |
| Ping An Insurance Company of China | 0.47 | 0.67 | 0.65 | 54 | Financial Services |
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