Looking to diversify beyond ETHA? The ETFs below have the lowest correlation with ETHA — 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 ETHA.
Best Diversifiers for ETHA
623 ETFs have low correlation with ETHA (below 0.3), 36 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.89 | — | — | 57 | Cryptocurrency | ETHA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.89 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | ETHA vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.78 | -0.68 | -0.68 | 68 | Inverse Equities, Leveraged Equities | ETHA vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.77 | -0.68 | -0.68 | 60 | Inverse Equities | ETHA vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.73 | — | — | 70 | Derivative Income | ETHA vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETHA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETHA and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.17, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.17 | -0.08 | -0.08 | 53 | Industrials | |
| Verizon Communications Inc. | -0.14 | -0.12 | -0.12 | 57 | Communication Services | |
| Chubb Limited | -0.14 | -0.07 | -0.07 | 86 | Financial Services | |
| Duke Energy Corporation | -0.13 | -0.13 | -0.13 | 66 | Utilities | |
| Berkshire Hathaway Inc. | -0.13 | 0.04 | 0.04 | 53 | Financial Services |
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