Looking to diversify beyond IMAY? The ETFs below have historically moved differently from IMAY, 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 IMAY
264 ETFs have low correlation with IMAY (below 0.3), 75 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 | -0.43 | — | — | 61 | Cryptocurrency | IMAY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.34 | -0.34 | 55 | Cryptocurrency, Leveraged Cryptocurrency | IMAY vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 52 | Inverse Equities | IMAY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | IMAY vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 75 | Derivative Income | IMAY vs WNTR |
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