Looking to diversify beyond EDGE? The ETFs below have the lowest correlation with EDGE — 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 EDGE.
Best Diversifiers for EDGE
352 ETFs have low correlation with EDGE (below 0.3), 45 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | -0.45 | -0.45 | 53 | Inverse Equities | EDGE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | -0.45 | -0.45 | 62 | Inverse Equities, Leveraged Equities | EDGE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | -0.46 | -0.46 | 63 | Derivative Income | EDGE vs WNTR | |
| United States Gasoline Fund LP | -0.22 | — | — | 69 | Oil & Gas | EDGE vs UGA | |
| Direxion Daily NFLX Bear 1X Shares | -0.21 | — | — | 63 | Inverse Equities | EDGE vs NFXS |
See all 2057 diversifiers for EDGE
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Diversification Analysis
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