Looking to diversify beyond IETH? The ETFs below have the lowest correlation with IETH — 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 IETH.
Best Diversifiers for IETH
520 ETFs have low correlation with IETH (below 0.3), 22 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.92, roughly unchanged from -0.92 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.92 | -0.92 | -0.92 | 57 | Cryptocurrency | IETH vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.92 | -0.92 | -0.92 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IETH vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.76 | -0.76 | — | 70 | Derivative Income | IETH vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.17 | -0.17 | -0.17 | 51 | Currency | IETH vs UUP | |
| PGIM Ultra Short Municipal Bond ETF | -0.07 | — | — | 92 | Municipal Bonds | IETH vs PUSH |
See all 1991 diversifiers for IETH
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