Looking to diversify beyond EDOC? The ETFs below have the lowest correlation with EDOC — 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 EDOC.
Best Diversifiers for EDOC
443 ETFs have low correlation with EDOC (below 0.3), 78 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.41, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.41 | -0.41 | -0.41 | 99 | Leveraged Equities, Semiconductors | EDOC vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 68 | Inverse Equities, Leveraged Equities | EDOC vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 60 | Inverse Equities | EDOC vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | EDOC vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EDOC vs SBIT |
See all 2043 diversifiers for EDOC
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