Looking to diversify beyond EBIT? The ETFs below have the lowest correlation with EBIT — 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 EBIT.
Best Diversifiers for EBIT
384 ETFs have low correlation with EBIT (below 0.3), 53 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.31, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EBIT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.31 | -0.37 | -0.37 | 57 | Cryptocurrency | EBIT vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 68 | Inverse Equities, Leveraged Equities | EBIT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 60 | Inverse Equities | EBIT vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 70 | Derivative Income | EBIT vs WNTR |
See all 2041 diversifiers for EBIT
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