Looking to diversify beyond EQL? The ETFs below have the lowest correlation with EQL — 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 EQL.
Best Diversifiers for EQL
263 ETFs have low correlation with EQL (below 0.3), 25 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 -0.38, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | -0.37 | -0.37 | 60 | Inverse Equities, Leveraged Equities | EQL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 53 | Inverse Equities | EQL vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 65 | Derivative Income | EQL vs WNTR | |
| ProShares UltraShort Yen | -0.28 | -0.12 | -0.08 | 75 | Leveraged Currency | EQL vs YCS | |
| United States Gasoline Fund LP | -0.15 | -0.01 | 0.13 | 72 | Oil & Gas | EQL vs UGA |
See all 1982 diversifiers for EQL
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Diversification Analysis
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