Looking to diversify beyond FITE? The ETFs below have historically moved differently from FITE, 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 FITE
507 ETFs have low correlation with FITE (below 0.3), 60 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.54 | — | — | 61 | Inverse Equities, Leveraged Equities | FITE vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.53 | — | — | 52 | Inverse Equities | FITE vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.51 | — | — | 75 | Derivative Income | FITE vs WNTR | |
| ProShares Short Bitcoin ETF | -0.50 | -0.37 | — | 61 | Cryptocurrency | FITE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.50 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FITE vs SBIT |
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