Looking to diversify beyond ETRL? The ETFs below have the lowest correlation with ETRL — 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 ETRL.
Best Diversifiers for ETRL
1 ETFs have low correlation with ETRL (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long AMD Daily ETF (AMDG) (Leveraged Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long AMD Daily ETF | 0.26 | 0.26 | 0.26 | 96 | Leveraged Equities | ETRL vs AMDG | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.48 | 0.48 | 0.48 | 72 | Leveraged Equities | ETRL vs XTJL |
Diversification Analysis
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