Looking to diversify beyond CVRT? The ETFs below have the lowest correlation with CVRT — 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 CVRT.
Best Diversifiers for CVRT
466 ETFs have low correlation with CVRT (below 0.3), 79 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | -0.54 | -0.54 | 60 | Inverse Equities | CVRT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 68 | Inverse Equities, Leveraged Equities | CVRT vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.49 | -0.49 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CVRT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.45 | -0.45 | -0.45 | 57 | Cryptocurrency | CVRT vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | CVRT vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CVRT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CVRT and solid risk/return profiles. The least correlated is General American Investors Company, Inc. (GAM) (Financial Services) with a 1Y correlation of 0.54, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.54 | 0.62 | 0.62 | 92 | Financial Services | |
| Sandisk Corporation | 0.58 | 0.53 | 0.53 | 100 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.60 | 0.56 | 0.56 | 92 | Technology | |
| Bloom Energy Corporation | 0.60 | 0.56 | 0.56 | 98 | Industrials |
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