Looking to diversify beyond ELFY? The ETFs below have the lowest correlation with ELFY — 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 ELFY.
Best Diversifiers for ELFY
414 ETFs have low correlation with ELFY (below 0.3), 45 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ELFY vs SBIT | |
| ProShares Short Bitcoin ETF | -0.43 | -0.40 | -0.40 | 57 | Cryptocurrency | ELFY vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 60 | Inverse Equities | ELFY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | ELFY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | ELFY vs WNTR |
See all 2046 diversifiers for ELFY
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements ELFY
Add ELFY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ELFY