Looking to diversify beyond EETH? The ETFs below have historically moved differently from EETH, 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 EETH
648 ETFs have low correlation with EETH (below 0.3), 41 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.91 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EETH vs SBIT | |
| ProShares Short Bitcoin ETF | -0.91 | — | — | 61 | Cryptocurrency | EETH vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.80 | — | — | 61 | Inverse Equities, Leveraged Equities | EETH vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.80 | — | — | 52 | Inverse Equities | EETH vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.75 | — | — | 75 | Derivative Income | EETH 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 EETH, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MPLX LP | 0.01 | — | — | 79 | Energy | |
| Eli Lilly and Company | 0.01 | 0.07 | 0.07 | 83 | Healthcare | |
| Biogen Inc. | 0.02 | 0.10 | 0.10 | 88 | Healthcare | |
| Pfizer Inc. | 0.09 | 0.06 | 0.06 | 64 | Healthcare | |
| Kinross Gold Corporation | 0.26 | 0.16 | 0.16 | 69 | Basic Materials |
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