Looking to diversify beyond ENHU? The ETFs below have the lowest correlation with ENHU — 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 ENHU.
Best Diversifiers for ENHU
273 ETFs have low correlation with ENHU (below 0.3), 79 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.49, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | -0.49 | -0.49 | 57 | Cryptocurrency | ENHU vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | -0.48 | -0.48 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ENHU vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | -0.47 | -0.47 | 60 | Inverse Equities | ENHU vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | -0.47 | -0.47 | 68 | Inverse Equities, Leveraged Equities | ENHU vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | -0.45 | -0.45 | 70 | Derivative Income | ENHU vs WNTR |
See all 2008 diversifiers for ENHU
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