Looking to diversify beyond ITDE? The ETFs below have the lowest correlation with ITDE — 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 ITDE.
Best Diversifiers for ITDE
239 ETFs have low correlation with ITDE (below 0.3), 53 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | -0.46 | -0.46 | 53 | Inverse Equities | ITDE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 60 | Inverse Equities, Leveraged Equities | ITDE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 65 | Derivative Income | ITDE vs WNTR | |
| ProShares UltraShort Yen | -0.29 | — | — | 75 | Leveraged Currency | ITDE vs YCS | |
| United States Gasoline Fund LP | -0.23 | — | — | 72 | Oil & Gas | ITDE vs UGA |
See all 2054 diversifiers for ITDE
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