Looking to diversify beyond ETHV? The ETFs below have the lowest correlation with ETHV — 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 ETHV.
Best Diversifiers for ETHV
634 ETFs have low correlation with ETHV (below 0.3), 33 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.89 | — | — | 53 | Cryptocurrency | ETHV vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.78 | — | — | 65 | Inverse Equities, Leveraged Equities | ETHV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.78 | — | — | 56 | Inverse Equities | ETHV vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.73 | — | — | 70 | Derivative Income | ETHV vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.14 | — | — | 61 | Inverse Equities | ETHV vs NFXS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETHV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETHV and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.02 | — | — | 78 | Healthcare | |
| BW LPG Limited | 0.16 | — | — | 89 | Industrials | |
| Brookfield Infrastructure Partners L.P. | 0.19 | — | — | 80 | Utilities | |
| HSBC Holdings plc | 0.30 | 0.29 | 0.29 | 93 | Financial Services | |
| Broadcom Inc. | 0.35 | — | — | 72 | Technology |
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Build a portfolio that complements ETHV
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Analyze a portfolio with ETHV