Looking to diversify beyond ITDJ? The ETFs below have the lowest correlation with ITDJ — 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 ITDJ.
Best Diversifiers for ITDJ
270 ETFs have low correlation with ITDJ (below 0.3), 54 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.47, 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 | -0.47 | -0.46 | -0.46 | 53 | Inverse Equities | ITDJ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | -0.46 | -0.46 | 60 | Inverse Equities, Leveraged Equities | ITDJ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | -0.46 | -0.46 | 65 | Derivative Income | ITDJ vs WNTR | |
| ProShares UltraShort Yen | -0.27 | -0.11 | -0.11 | 75 | Leveraged Currency | ITDJ vs YCS | |
| United States Gasoline Fund LP | -0.24 | — | — | 72 | Oil & Gas | ITDJ vs UGA |
See all 2046 diversifiers for ITDJ
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Diversification Analysis
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