Looking to diversify beyond EQIN? The ETFs below have the lowest correlation with EQIN — 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 EQIN.
Best Diversifiers for EQIN
644 ETFs have low correlation with EQIN (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.21, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.21 | -0.22 | -0.27 | 52 | Cryptocurrency | EQIN vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.21 | — | — | 70 | Inverse Equities, Leveraged Equities | EQIN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.20 | — | — | 63 | Inverse Equities | EQIN vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.20 | — | — | 73 | Derivative Income | EQIN vs WNTR | |
| ProShares UltraShort Yen | -0.19 | -0.08 | -0.05 | 73 | Leveraged Currency | EQIN vs YCS |
See all 2061 diversifiers for EQIN
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Diversification Analysis
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