Looking to diversify beyond EAGL? The ETFs below have the lowest correlation with EAGL — 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 EAGL.
Best Diversifiers for EAGL
379 ETFs have low correlation with EAGL (below 0.3), 30 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.37, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.41 | -0.41 | 53 | Inverse Equities | EAGL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.40 | -0.40 | 62 | Inverse Equities, Leveraged Equities | EAGL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | -0.38 | -0.38 | 63 | Derivative Income | EAGL vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.19 | — | — | 63 | Inverse Equities | EAGL vs NFXS | |
| ProShares UltraShort Yen | -0.18 | 0.00 | 0.00 | 73 | Leveraged Currency | EAGL vs YCS |
See all 2058 diversifiers for EAGL
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