Looking to diversify beyond EAOK? The ETFs below have historically moved differently from EAOK, 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 EAOK
220 ETFs have low correlation with EAOK (below 0.3), 95 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.29 | — | 61 | Cryptocurrency | EAOK vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.38 | -0.38 | 61 | Inverse Equities, Leveraged Equities | EAOK vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EAOK vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 52 | Inverse Equities | EAOK vs SMST | |
| Invesco DB Energy Fund | -0.42 | -0.19 | -0.05 | 72 | Oil & Gas | EAOK vs DBE |
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