Looking to diversify beyond ION? The ETFs below have historically moved differently from ION, 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 ION
728 ETFs have low correlation with ION (below 0.3), 83 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.26 | — | 61 | Cryptocurrency | ION vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ION vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | — | — | 52 | Inverse Equities | ION vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 61 | Inverse Equities, Leveraged Equities | ION vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | — | — | 75 | Derivative Income | ION 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 ION, 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 Planet Labs PBC (PL) (Industrials) with a 1Y correlation of 0.29, roughly unchanged from 0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Planet Labs PBC | 0.29 | 0.35 | — | 92 | Industrials | |
| NVIDIA Corporation | 0.32 | 0.24 | — | 56 | Technology | |
| Hycroft Mining Holding Corporation | 0.53 | 0.43 | — | 97 | Basic Materials | |
| Hecla Mining Company | 0.54 | 0.49 | — | 85 | Basic Materials | |
| Silvercorp Metals Inc. | 0.56 | 0.47 | — | 83 | Basic Materials |
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