Looking to diversify beyond DECW? The ETFs below have the lowest correlation with DECW — 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 DECW.
Best Diversifiers for DECW
380 ETFs have low correlation with DECW (below 0.3), 64 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.45 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | -0.45 | — | 60 | Inverse Equities | DECW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | -0.44 | — | 68 | Inverse Equities, Leveraged Equities | DECW vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.45 | -0.34 | -0.33 | 57 | Cryptocurrency | DECW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DECW vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | DECW vs WNTR |
See all 2044 diversifiers for DECW
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