Looking to diversify beyond ETHW? The ETFs below have the lowest correlation with ETHW — 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 ETHW.
Best Diversifiers for ETHW
531 ETFs have low correlation with ETHW (below 0.3), 33 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.13, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.13 | -0.19 | -0.19 | 55 | Inverse Equities | ETHW vs NFXS | |
| FlexShares Ultra-Short Income ETF | -0.09 | -0.01 | -0.01 | 99 | Ultrashort Bond | ETHW vs RAVI | |
| United States Gasoline Fund LP | -0.08 | — | — | 55 | Oil & Gas | ETHW vs UGA | |
| Brookstone Ultra-Short Bond ETF | -0.07 | -0.02 | -0.02 | 98 | Ultrashort Bond | ETHW vs BAMU | |
| WisdomTree Floating Rate Treasury Fund | -0.07 | 0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | ETHW vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ETHW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ETHW and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BitMine Immersion Technologies, Inc. | 0.75 | — | — | 81 | Financial Services |
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