Looking to diversify beyond ECON? The ETFs below have historically moved differently from ECON, 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 ECON
435 ETFs have low correlation with ECON (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.32 | — | 61 | Cryptocurrency | ECON vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.37 | -0.37 | 55 | Cryptocurrency, Leveraged Cryptocurrency | ECON vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | ECON vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 75 | Derivative Income | ECON vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.30 | -0.13 | — | 56 | Options Trading | ECON vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ECON, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Andersons, Inc. (ANDE) (Consumer Defensive) with a 1Y correlation of 0.15, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Andersons, Inc. | 0.15 | 0.22 | 0.22 | 96 | Consumer Defensive |
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