Looking to diversify beyond EQAL? The ETFs below have the lowest correlation with EQAL — 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 EQAL.
Best Diversifiers for EQAL
297 ETFs have low correlation with EQAL (below 0.3), 37 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) 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 |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | -0.40 | -0.40 | 68 | Inverse Equities, Leveraged Equities | EQAL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | -0.41 | -0.41 | 60 | Inverse Equities | EQAL vs SMST | |
| ProShares Short Bitcoin ETF | -0.40 | -0.35 | -0.38 | 57 | Cryptocurrency | EQAL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EQAL vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 70 | Derivative Income | EQAL vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EQAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EQAL and solid risk/return profiles. The least correlated is EZCORP, Inc. (EZPW) (Financial Services) with a 1Y correlation of 0.40, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EZCORP, Inc. | 0.40 | 0.36 | 0.40 | 97 | Financial Services | |
| Wells Fargo & Company | 0.47 | 0.53 | 0.59 | 53 | Financial Services |
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