Looking to diversify beyond IDEC? The ETFs below have historically moved differently from IDEC, 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 IDEC
273 ETFs have low correlation with IDEC (below 0.3), 86 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | — | — | 61 | Cryptocurrency | IDEC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.34 | -0.34 | 55 | Cryptocurrency, Leveraged Cryptocurrency | IDEC vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 52 | Inverse Equities | IDEC vs SMST | |
| ProShares UltraShort Yen | -0.40 | — | — | 56 | Leveraged Currency | IDEC vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | IDEC vs MSTZ |
See all 2225 diversifiers for IDEC
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