Looking to diversify beyond IDGT? The ETFs below have historically moved differently from IDGT, 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 IDGT
546 ETFs have low correlation with IDGT (below 0.3), 50 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 52 | Inverse Equities | IDGT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 61 | Inverse Equities, Leveraged Equities | IDGT vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.37 | -0.37 | 55 | Cryptocurrency, Leveraged Cryptocurrency | IDGT vs SBIT | |
| ProShares Short Bitcoin ETF | -0.43 | -0.33 | — | 61 | Cryptocurrency | IDGT vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 75 | Derivative Income | IDGT vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IDGT, 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 AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.00, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.00 | 0.12 | 0.16 | 81 | Healthcare | |
| Enbridge Inc. | 0.05 | 0.20 | 0.30 | 85 | Energy | |
| Gilead Sciences, Inc. | 0.08 | 0.12 | 0.19 | 65 | Healthcare | |
| Xcel Energy Inc. | 0.10 | 0.12 | 0.17 | 61 | Utilities | |
| Truist Financial Corporation | 0.20 | 0.38 | 0.44 | 70 | Financial Services |
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