Looking to diversify beyond EDIV? The ETFs below have the lowest correlation with EDIV — 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 EDIV.
Best Diversifiers for EDIV
306 ETFs have low correlation with EDIV (below 0.3), 51 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.35, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.33 | -0.33 | 60 | Inverse Equities, Leveraged Equities | EDIV vs MSTZ | |
| ProShares UltraShort Yen | -0.35 | -0.25 | -0.20 | 75 | Leveraged Currency | EDIV vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 53 | Inverse Equities | EDIV vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 65 | Derivative Income | EDIV vs WNTR | |
| United States Gasoline Fund LP | -0.26 | -0.04 | 0.07 | 72 | Oil & Gas | EDIV vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EDIV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDIV and solid risk/return profiles. The least correlated is Texas Pacific Land Corporation (TPL) (Energy) with a 1Y correlation of 0.08, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation | 0.08 | 0.16 | 0.22 | 55 | Energy | |
| Newmont Corporation | 0.48 | 0.43 | 0.37 | 78 | Basic Materials |
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