Looking to diversify beyond LITP? The ETFs below have historically moved differently from LITP, 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 LITP
878 ETFs have low correlation with LITP (below 0.3), 85 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.23 | — | — | 75 | Derivative Income | LITP vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 52 | Inverse Equities | LITP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | — | — | 61 | Inverse Equities, Leveraged Equities | LITP vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.22 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | LITP vs SBIT | |
| ProShares Short Bitcoin ETF | -0.22 | -0.25 | — | 61 | Cryptocurrency | LITP vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LITP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.25, roughly unchanged from 0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.25 | 0.21 | — | 56 | Technology | |
| Ichor Holdings, Ltd. | 0.35 | 0.39 | 0.38 | 94 | Technology | |
| Albemarle Corporation | 0.76 | 0.75 | — | 77 | Basic Materials | |
| Sociedad Química y Minera de Chile S.A. | 0.77 | 0.76 | — | 85 | Basic Materials |
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