Looking to diversify beyond EPS? The ETFs below have the lowest correlation with EPS — 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 EPS.
Best Diversifiers for EPS
312 ETFs have low correlation with EPS (below 0.3), 69 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | -0.44 | -0.44 | 53 | Inverse Equities | EPS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | EPS vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | -0.46 | -0.46 | 70 | Derivative Income | EPS vs WNTR | |
| ProShares Short Bitcoin ETF | -0.44 | -0.36 | -0.37 | 57 | Cryptocurrency | EPS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EPS vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EPS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EPS and solid risk/return profiles. The least correlated is W. P. Carey Inc. (WPC) (Real Estate) with a 1Y correlation of -0.03, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. P. Carey Inc. | -0.03 | 0.19 | 0.32 | 80 | Real Estate | |
| Berkshire Hathaway Inc. | 0.13 | 0.39 | 0.57 | 53 | Financial Services |
Build a portfolio that complements EPS
Add EPS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EPS