Looking to diversify beyond ECON? The ETFs below have the lowest correlation with ECON — 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 ECON.
Best Diversifiers for ECON
353 ETFs have low correlation with ECON (below 0.3), 61 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.31 | -0.33 | 57 | Cryptocurrency | ECON vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ECON vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.40 | -0.39 | -0.38 | 51 | Currency | ECON vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.36 | -0.36 | 68 | Inverse Equities, Leveraged Equities | ECON vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | ECON vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ECON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ECON and solid risk/return profiles. The least correlated is The Andersons, Inc. (ANDE) (Consumer Defensive) with a 1Y correlation of 0.16, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Andersons, Inc. | 0.16 | 0.22 | 0.22 | 95 | Consumer Defensive |
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