Looking to diversify beyond PHEQ? The ETFs below have the lowest correlation with PHEQ — 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 PHEQ.
Best Diversifiers for PHEQ
286 ETFs have low correlation with PHEQ (below 0.3), 67 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 68 | Inverse Equities, Leveraged Equities | PHEQ vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.45 | -0.35 | -0.35 | 57 | Cryptocurrency | PHEQ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PHEQ vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 70 | Derivative Income | PHEQ vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.28 | — | — | 51 | Currency | PHEQ vs UUP |
See all 1596 diversifiers for PHEQ
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