Looking to diversify beyond EQWL? The ETFs below have the lowest correlation with EQWL — 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 EQWL.
Best Diversifiers for EQWL
292 ETFs have low correlation with EQWL (below 0.3), 49 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 68 | Inverse Equities, Leveraged Equities | EQWL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | — | — | 60 | Inverse Equities | EQWL vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | EQWL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.40 | -0.33 | -0.35 | 57 | Cryptocurrency | EQWL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EQWL vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EQWL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EQWL and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.07, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.07 | 0.17 | 0.29 | 75 | Energy | |
| Occidental Petroleum Corporation | -0.05 | 0.17 | 0.29 | 62 | Energy | |
| Altria Group, Inc. | -0.04 | 0.19 | 0.28 | 81 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.04 | 0.15 | 0.18 | 80 | Energy | |
| Chevron Corporation | -0.03 | 0.20 | 0.31 | 70 | Energy |
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