Looking to diversify beyond LITP? The ETFs below have the lowest correlation with LITP — 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 LITP.
Best Diversifiers for LITP
728 ETFs have low correlation with LITP (below 0.3), 63 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 70 | Derivative Income | LITP vs WNTR | |
| ProShares Short Bitcoin ETF | -0.21 | -0.25 | -0.25 | 57 | Cryptocurrency | LITP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.21 | -0.25 | -0.25 | 52 | Cryptocurrency, Leveraged Cryptocurrency | LITP vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.21 | -0.26 | — | 60 | Inverse Equities | LITP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.20 | -0.25 | — | 68 | Inverse Equities, Leveraged Equities | LITP vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LITP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LITP and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.21, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.21 | 0.21 | 0.22 | 65 | Technology | |
| Ichor Holdings, Ltd. | 0.31 | 0.38 | — | 94 | Technology | |
| Albemarle Corporation | 0.78 | 0.75 | — | 79 | Basic Materials | |
| Sociedad Química y Minera de Chile S.A. | 0.78 | 0.76 | — | 88 | Basic Materials |
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