Looking to diversify beyond EAOM? The ETFs below have historically moved differently from EAOM, 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 EAOM
197 ETFs have low correlation with EAOM (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, down from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.33 | — | 61 | Cryptocurrency | EAOM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EAOM vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | — | — | 52 | Inverse Equities | EAOM vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 75 | Derivative Income | EAOM vs WNTR | |
| Invesco DB Energy Fund | -0.39 | -0.17 | -0.01 | 72 | Oil & Gas | EAOM vs DBE |
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