Looking to diversify beyond LCOW? The ETFs below have historically moved differently from LCOW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LCOW
387 ETFs have low correlation with LCOW (below 0.3), 88 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.39, roughly unchanged from -0.37 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.37 | — | 52 | Inverse Equities | LCOW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.37 | — | 61 | Inverse Equities, Leveraged Equities | LCOW vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.38 | — | — | 61 | Cryptocurrency | LCOW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | LCOW vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | -0.35 | — | 75 | Derivative Income | LCOW vs WNTR |
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