Looking to diversify beyond MANA? The ETFs below have the lowest correlation with MANA — 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 MANA.
Best Diversifiers for MANA
2 ETFs have low correlation with MANA (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.35, roughly unchanged from -0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.35 | -0.27 | — | 53 | Cryptocurrency | MANA vs BITI | |
| Grayscale Zcash Trust (ZEC) | 0.26 | 0.29 | — | 95 | Cryptocurrency | MANA vs ZCSH |
Diversification Analysis
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