Looking to diversify beyond IREG? The ETFs below have the lowest correlation with IREG — 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 IREG.
Best Diversifiers for IREG
2 ETFs have low correlation with IREG (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) (China Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily CSI 300 China A Share Bull 2x Share... | 0.27 | 0.27 | 0.27 | 60 | China Equities, Leveraged Equities, Asia Pacific Equities | IREG vs CHAU | |
| Direxion Daily GOOGL Bull 2X Shares | 0.29 | 0.29 | 0.29 | 95 | Leveraged Equities | IREG vs GGLL | |
| ProShares Ultra SmallCap600 | 0.36 | 0.36 | 0.36 | 60 | Leveraged Equities | IREG vs SAA | |
| ProShares Ultra MSCI Japan | 0.41 | 0.41 | 0.41 | 56 | Japan Equities, Leveraged Equities, Asia Pacific Equities | IREG vs EZJ | |
| ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | 0.46 | 0.46 | 0.46 | 52 | Leveraged Equities | IREG vs QULL |
See all 13 diversifiers for IREG
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Diversification Analysis
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