Looking to diversify beyond ETHE? The ETFs below have the lowest correlation with ETHE — 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 ETHE.
Best Diversifiers for ETHE
616 ETFs have low correlation with ETHE (below 0.3), 30 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 | -0.78 | — | — | 60 | Inverse Equities, Leveraged Equities | ETHE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.77 | — | — | 53 | Inverse Equities | ETHE vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.73 | — | — | 65 | Derivative Income | ETHE vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.14 | — | — | 60 | Inverse Equities | ETHE vs NFXS | |
| Return Stacked Bonds & Futures Yield ETF | -0.12 | — | — | 51 | Multistrategy | ETHE vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETHE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETHE and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.17, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.17 | -0.06 | 0.04 | 51 | Industrials | |
| Chubb Limited | -0.15 | -0.04 | 0.06 | 83 | Financial Services | |
| Altria Group, Inc. | -0.14 | -0.04 | 0.00 | 79 | Consumer Defensive | |
| Duke Energy Corporation | -0.14 | -0.06 | -0.03 | 63 | Utilities | |
| Verizon Communications Inc. | -0.13 | -0.08 | -0.02 | 54 | Communication Services |
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