Looking to diversify beyond INKM? The ETFs below have the lowest correlation with INKM — 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 INKM.
Best Diversifiers for INKM
208 ETFs have low correlation with INKM (below 0.3), 45 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.48 | -0.47 | -0.51 | 51 | Currency | INKM vs UUP | |
| ProShares UltraShort Yen | -0.39 | -0.35 | -0.31 | 72 | Leveraged Currency | INKM vs YCS | |
| ProShares Short Bitcoin ETF | -0.36 | -0.28 | -0.30 | 57 | Cryptocurrency | INKM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | INKM vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.31 | -0.31 | 68 | Inverse Equities, Leveraged Equities | INKM vs MSTZ |
See all 2042 diversifiers for INKM
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