Looking to diversify beyond ETHE? The ETFs below have historically moved differently from ETHE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ETHE
669 ETFs have low correlation with ETHE (below 0.3), 44 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.91 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ETHE vs SBIT | |
| ProShares Short Bitcoin ETF | -0.91 | -0.80 | — | 61 | Cryptocurrency | ETHE vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.80 | — | — | 61 | Inverse Equities, Leveraged Equities | ETHE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.80 | — | — | 52 | Inverse Equities | ETHE vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.75 | — | — | 75 | Derivative Income | ETHE vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ETHE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.17, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.18 | -0.05 | 0.05 | 89 | Financial Services | |
| Duke Energy Corporation | -0.14 | -0.09 | -0.03 | 56 | Utilities | |
| Altria Group, Inc. | -0.14 | -0.05 | 0.00 | 66 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.14 | 0.04 | 0.16 | 61 | Financial Services | |
| Johnson & Johnson | -0.13 | -0.08 | -0.01 | 97 | Healthcare |
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