Looking to diversify beyond LCDS? The ETFs below have the lowest correlation with LCDS — 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 LCDS.
Best Diversifiers for LCDS
386 ETFs have low correlation with LCDS (below 0.3), 70 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 | 56 | Inverse Equities | LCDS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | -0.45 | -0.45 | 65 | Inverse Equities, Leveraged Equities | LCDS vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.44 | -0.44 | 53 | Cryptocurrency | LCDS vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | -0.47 | -0.47 | 70 | Derivative Income | LCDS vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.26 | — | — | 54 | Multistrategy | LCDS vs RSBY |
See all 2059 diversifiers for LCDS
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Diversification Analysis
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