Looking to diversify beyond EALT? The ETFs below have the lowest correlation with EALT — 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 EALT.
Best Diversifiers for EALT
413 ETFs have low correlation with EALT (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.36 | -0.36 | 53 | Cryptocurrency | EALT vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 56 | Inverse Equities | EALT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 65 | Inverse Equities, Leveraged Equities | EALT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | EALT vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.23 | — | — | 54 | Multistrategy | EALT vs RSBY |
See all 2063 diversifiers for EALT
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