Looking to diversify beyond EYLD? The ETFs below have the lowest correlation with EYLD — 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 EYLD.
Best Diversifiers for EYLD
351 ETFs have low correlation with EYLD (below 0.3), 49 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.47 | -0.45 | -0.46 | 51 | Currency | EYLD vs UUP | |
| ProShares Short Bitcoin ETF | -0.38 | -0.28 | -0.29 | 57 | Cryptocurrency | EYLD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EYLD vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | -0.34 | -0.34 | 60 | Inverse Equities | EYLD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.34 | -0.34 | 68 | Inverse Equities, Leveraged Equities | EYLD vs MSTZ |
See all 2045 diversifiers for EYLD
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