Looking to diversify beyond CVAR? The ETFs below have the lowest correlation with CVAR — 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 CVAR.
Best Diversifiers for CVAR
431 ETFs have low correlation with CVAR (below 0.3), 22 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.60, roughly unchanged from -0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.60 | -0.60 | -0.60 | 99 | Leveraged Equities, Semiconductors | CVAR vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 60 | Inverse Equities, Leveraged Equities | CVAR vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 53 | Inverse Equities | CVAR vs SMST | |
| ProShares UltraShort Yen | -0.25 | -0.16 | — | 75 | Leveraged Currency | CVAR vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.24 | — | — | 65 | Derivative Income | CVAR vs WNTR |
See all 2056 diversifiers for CVAR
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