Looking to diversify beyond ELM? The ETFs below have historically moved differently from ELM, 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 ELM
279 ETFs have low correlation with ELM (below 0.3), 83 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | — | — | 61 | Cryptocurrency | ELM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ELM vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | — | — | 52 | Inverse Equities | ELM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 61 | Inverse Equities, Leveraged Equities | ELM vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | — | — | 75 | Derivative Income | ELM vs WNTR |
See all 2230 diversifiers for ELM
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