Looking to diversify beyond ITEQ? The ETFs below have the lowest correlation with ITEQ — 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 ITEQ.
Best Diversifiers for ITEQ
397 ETFs have low correlation with ITEQ (below 0.3), 36 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.47, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.47 | -0.48 | -0.48 | 51 | Derivative Income | ITEQ vs WNTR | |
| ProShares UltraShort Yen | -0.17 | -0.04 | -0.04 | 73 | Leveraged Currency | ITEQ vs YCS | |
| Direxion Daily NFLX Bear 1X Shares | -0.13 | — | — | 63 | Inverse Equities | ITEQ vs NFXS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | ITEQ vs CSHP | |
| United States Gasoline Fund LP | -0.12 | -0.00 | 0.08 | 60 | Oil & Gas | ITEQ vs UGA |
See all 1943 diversifiers for ITEQ
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