Looking to diversify beyond LENS? The ETFs below have the lowest correlation with LENS — 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 LENS.
Best Diversifiers for LENS
705 ETFs have low correlation with LENS (below 0.3), 27 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.27, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | -0.27 | -0.27 | 61 | Inverse Equities, Leveraged Equities | LENS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 53 | Inverse Equities | LENS vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | — | — | 69 | Derivative Income | LENS vs WNTR | |
| ProShares UltraShort Yen | -0.19 | — | — | 67 | Leveraged Currency | LENS vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.14 | -0.17 | -0.17 | 56 | Multistrategy | LENS vs RSBY |
See all 2143 diversifiers for LENS
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Diversification Analysis
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