Looking to diversify beyond CTEX? The ETFs below have historically moved differently from CTEX, 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 CTEX
639 ETFs have low correlation with CTEX (below 0.3), 115 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | CTEX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.45 | -0.32 | — | 61 | Cryptocurrency | CTEX vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 52 | Inverse Equities | CTEX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 61 | Inverse Equities, Leveraged Equities | CTEX vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 75 | Derivative Income | CTEX vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CTEX, 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 CareTrust REIT, Inc. (CTRE) (Real Estate) with a 1Y correlation of -0.08, down from 0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CareTrust REIT, Inc. | -0.08 | 0.07 | — | 84 | Real Estate |
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