Looking to diversify beyond ONEV? The ETFs below have the lowest correlation with ONEV — 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 ONEV.
Best Diversifiers for ONEV
372 ETFs have low correlation with ONEV (below 0.3), 39 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.49, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.49 | -0.49 | -0.49 | 99 | Leveraged Equities, Semiconductors | ONEV vs MUU | |
| United States Gasoline Fund LP | -0.24 | -0.08 | 0.06 | 72 | Oil & Gas | ONEV vs UGA | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 60 | Inverse Equities, Leveraged Equities | ONEV vs MSTZ | |
| ProShares UltraShort Yen | -0.23 | -0.11 | -0.08 | 75 | Leveraged Currency | ONEV vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.20 | — | — | 65 | Derivative Income | ONEV vs WNTR |
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