Looking to diversify beyond DWLD? The ETFs below have historically moved differently from DWLD, 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 DWLD
400 ETFs have low correlation with DWLD (below 0.3), 83 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 61 | Inverse Equities, Leveraged Equities | DWLD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | -0.41 | -0.41 | 52 | Inverse Equities | DWLD vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DWLD vs SBIT | |
| ProShares Short Bitcoin ETF | -0.43 | -0.32 | — | 61 | Cryptocurrency | DWLD vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | -0.41 | -0.41 | 75 | Derivative Income | DWLD vs WNTR |
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