Looking to diversify beyond EUAD? The ETFs below have historically moved differently from EUAD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EUAD
722 ETFs have low correlation with EUAD (below 0.3), 99 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.35, roughly unchanged from -0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | -0.30 | -0.30 | 52 | Inverse Equities | EUAD vs SMST | |
| ProShares Short Bitcoin ETF | -0.35 | — | — | 61 | Cryptocurrency | EUAD vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 75 | Derivative Income | EUAD vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EUAD vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 61 | Inverse Equities, Leveraged Equities | EUAD vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EUAD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.27, down from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.27 | -0.16 | -0.16 | 76 | Energy | |
| ConocoPhillips Company | -0.25 | -0.16 | -0.16 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.23 | — | — | 70 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.17 | -0.17 | 84 | Energy | |
| Chevron Corporation | -0.20 | -0.16 | -0.16 | 80 | Energy |
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