Looking to diversify beyond EDIV? The ETFs below have historically moved differently from EDIV, 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 EDIV
340 ETFs have low correlation with EDIV (below 0.3), 81 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.26 | — | 61 | Cryptocurrency | EDIV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EDIV vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | EDIV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 52 | Inverse Equities | EDIV vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | -0.36 | -0.36 | 75 | Derivative Income | EDIV vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EDIV, 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 Texas Pacific Land Corporation (TPL) (Energy) with a 1Y correlation of 0.10, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation | 0.10 | 0.16 | 0.22 | 62 | Energy | |
| Pfizer Inc. | 0.20 | 0.22 | 0.20 | 64 | Healthcare | |
| Newmont Corporation | 0.50 | 0.42 | 0.36 | 74 | Basic Materials |
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