Looking to diversify beyond ROKT? The ETFs below have the lowest correlation with ROKT — 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 ROKT.
Best Diversifiers for ROKT
328 ETFs have low correlation with ROKT (below 0.3), 37 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | ROKT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | ROKT vs WNTR | |
| ProShares Short Bitcoin ETF | -0.43 | -0.33 | -0.35 | 57 | Cryptocurrency | ROKT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ROKT vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.26 | -0.20 | -0.26 | 51 | Currency | ROKT vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ROKT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ROKT and solid risk/return profiles. The least correlated is International Seaways, Inc. (INSW) (Energy) with a 1Y correlation of 0.10, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Seaways, Inc. | 0.10 | 0.17 | 0.24 | 97 | Energy | |
| Macy's, Inc. | 0.15 | 0.32 | 0.42 | 89 | Consumer Cyclical | |
| Eni S.p.A. | 0.17 | 0.24 | 0.33 | 91 | Energy | |
| Lumentum Holdings Inc. | 0.28 | 0.41 | 0.47 | 99 | Technology | |
| Sandisk Corporation | 0.31 | 0.33 | 0.33 | 100 | Technology |
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