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
496 ETFs have low correlation with ITEQ (below 0.3), 65 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.49, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | -0.49 | -0.49 | 63 | Inverse Equities | ITEQ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | -0.48 | -0.48 | 70 | Inverse Equities, Leveraged Equities | ITEQ vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.48 | -0.39 | -0.40 | 52 | Cryptocurrency | ITEQ vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.48 | — | — | 73 | Derivative Income | ITEQ vs WNTR | |
| Invesco DB Energy Fund | -0.15 | -0.03 | 0.07 | 57 | Oil & Gas | ITEQ vs DBE |
See all 2069 diversifiers for ITEQ
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