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
630 ETFs have low correlation with ETHW (below 0.3), 36 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.89 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | ETHW vs SBIT | |
| ProShares Short Bitcoin ETF | -0.88 | — | — | 57 | Cryptocurrency | ETHW vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.78 | -0.68 | — | 60 | Inverse Equities | ETHW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.78 | — | — | 68 | Inverse Equities, Leveraged Equities | ETHW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.73 | -0.72 | -0.72 | 70 | Derivative Income | ETHW vs WNTR |
See all 2047 diversifiers for ETHW
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Diversification Analysis
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