Looking to diversify beyond IDNA? The ETFs below have the lowest correlation with IDNA — 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 IDNA.
Best Diversifiers for IDNA
373 ETFs have low correlation with IDNA (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.37, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.37 | -0.30 | -0.31 | 51 | Currency | IDNA vs UUP | |
| ProShares Short Bitcoin ETF | -0.31 | -0.30 | -0.32 | 57 | Cryptocurrency | IDNA vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | -0.30 | -0.30 | 60 | Inverse Equities | IDNA vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IDNA vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | -0.28 | -0.28 | 68 | Inverse Equities, Leveraged Equities | IDNA vs MSTZ |
See all 2047 diversifiers for IDNA
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