Looking to diversify beyond EDGI? The ETFs below have the lowest correlation with EDGI — 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 EDGI.
Best Diversifiers for EDGI
256 ETFs have low correlation with EDGI (below 0.3), 47 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.38, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.34 | -0.34 | 53 | Inverse Equities | EDGI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 60 | Inverse Equities, Leveraged Equities | EDGI vs MSTZ | |
| ProShares UltraShort Yen | -0.37 | — | — | 75 | Leveraged Currency | EDGI vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 65 | Derivative Income | EDGI vs WNTR | |
| United States Gasoline Fund LP | -0.23 | — | — | 72 | Oil & Gas | EDGI vs UGA |
See all 2054 diversifiers for EDGI
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