Looking to diversify beyond LEXI? The ETFs below have historically moved differently from LEXI, 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 LEXI
413 ETFs have low correlation with LEXI (below 0.3), 92 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.51, down from -0.38 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.51 | -0.38 | — | 61 | Cryptocurrency | LEXI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.51 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | LEXI vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.49 | — | — | 52 | Inverse Equities | LEXI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | LEXI vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 75 | Derivative Income | LEXI vs WNTR |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LEXI
Add LEXI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LEXI