Looking to diversify beyond OUNZ? The ETFs below have historically moved differently from OUNZ, 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 OUNZ
995 ETFs have low correlation with OUNZ (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.28, down from -0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.28 | -0.14 | — | 61 | Cryptocurrency | OUNZ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | OUNZ vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.24 | — | — | 75 | Derivative Income | OUNZ vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | — | — | 61 | Inverse Equities, Leveraged Equities | OUNZ vs MSTZ | |
| ProShares UltraShort Yen | -0.22 | -0.28 | -0.38 | 56 | Leveraged Currency | OUNZ vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OUNZ, 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 Willis Towers Watson Public Limited Company (WTW) (Financial Services) with a 1Y correlation of -0.13, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Willis Towers Watson Public Limited Company | -0.13 | -0.02 | -0.00 | 51 | Financial Services | |
| Chubb Limited | -0.13 | -0.04 | -0.02 | 89 | Financial Services | |
| Diamondback Energy, Inc. | -0.08 | 0.05 | 0.08 | 79 | Energy | |
| Cheniere Energy, Inc. | -0.07 | 0.04 | 0.06 | 57 | Energy | |
| McKesson Corporation | -0.05 | -0.04 | -0.02 | 67 | Healthcare |
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