Looking to diversify beyond IRET? The ETFs below have historically moved differently from IRET, 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 IRET
1260 ETFs have low correlation with IRET (below 0.3), 54 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | — | — | 56 | Leveraged Currency | IRET vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.19 | — | — | 52 | Inverse Equities | IRET vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.19 | — | — | 61 | Inverse Equities, Leveraged Equities | IRET vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.17 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | IRET vs SBIT | |
| ProShares Short Bitcoin ETF | -0.17 | — | — | 61 | Cryptocurrency | IRET vs BITI |
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