Looking to diversify beyond DECZ? The ETFs below have the lowest correlation with DECZ — 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 DECZ.
Best Diversifiers for DECZ
328 ETFs have low correlation with DECZ (below 0.3), 60 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 -0.45 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 | -0.45 | -0.45 | 56 | Inverse Equities | DECZ vs SMST | |
| ProShares Short Bitcoin ETF | -0.44 | -0.36 | -0.37 | 53 | Cryptocurrency | DECZ vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | -0.46 | -0.46 | 70 | Derivative Income | DECZ vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.25 | — | — | 54 | Multistrategy | DECZ vs RSBY | |
| Invesco DB Energy Fund | -0.24 | -0.06 | 0.09 | 57 | Oil & Gas | DECZ vs DBE |
See all 1868 diversifiers for DECZ
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