Looking to diversify beyond EHLS? The ETFs below have the lowest correlation with EHLS — 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 EHLS.
Best Diversifiers for EHLS
476 ETFs have low correlation with EHLS (below 0.3), 71 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.40 | -0.40 | 57 | Cryptocurrency | EHLS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EHLS vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | EHLS vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | EHLS vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.27 | -0.26 | -0.26 | 51 | Multistrategy | EHLS vs RSBY |
See all 1836 diversifiers for EHLS
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