Looking to diversify beyond LEAD? The ETFs below have the lowest correlation with LEAD — 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 LEAD.
Best Diversifiers for LEAD
388 ETFs have low correlation with LEAD (below 0.3), 63 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.36, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | -0.31 | -0.34 | 57 | Cryptocurrency | LEAD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | LEAD vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 60 | Inverse Equities | LEAD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | LEAD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 70 | Derivative Income | LEAD vs WNTR |
See all 2035 diversifiers for LEAD
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