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
553 ETFs have low correlation with ETHV (below 0.3), 32 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.74, roughly unchanged from -0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.74 | -0.72 | -0.72 | 51 | Derivative Income | ETHV vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.13 | -0.18 | -0.18 | 63 | Inverse Equities | ETHV vs NFXS | |
| United States Gasoline Fund LP | -0.08 | -0.04 | -0.04 | 60 | Oil & Gas | ETHV vs UGA | |
| FlexShares Ultra-Short Income ETF | -0.08 | — | — | 99 | Ultrashort Bond | ETHV vs RAVI | |
| WisdomTree Floating Rate Treasury Fund | -0.07 | 0.02 | 0.02 | 100 | Government Bonds, Ultrashort Bond | ETHV vs USFR |
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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 | 0.04 | — | — | 75 | Healthcare | |
| BW LPG Limited | 0.15 | — | — | 85 | Industrials | |
| Brookfield Infrastructure Partners LP | 0.19 | 0.27 | 0.27 | 68 | Utilities | |
| HSBC Holdings plc | 0.29 | — | — | 90 | Financial Services | |
| Symbotic Inc | 0.31 | — | — | 54 | Industrials |
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Build a portfolio that complements ETHV
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