Looking to diversify beyond CTEX? The ETFs below have the lowest correlation with CTEX — 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 CTEX.
Best Diversifiers for CTEX
520 ETFs have low correlation with CTEX (below 0.3), 91 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CTEX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.43 | -0.31 | -0.33 | 57 | Cryptocurrency | CTEX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.37 | — | 68 | Inverse Equities, Leveraged Equities | CTEX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 60 | Inverse Equities | CTEX vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 70 | Derivative Income | CTEX vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CTEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CTEX and solid risk/return profiles. The least correlated is CareTrust REIT, Inc. (CTRE) (Real Estate) with a 1Y correlation of -0.07, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CareTrust REIT, Inc. | -0.07 | 0.07 | — | 84 | Real Estate |
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