Looking to diversify beyond SETM? The ETFs below have the lowest correlation with SETM — 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 SETM.
Best Diversifiers for SETM
417 ETFs have low correlation with SETM (below 0.3), 55 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.27 | -0.28 | 57 | Cryptocurrency | SETM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | -0.30 | -0.30 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SETM vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | -0.33 | — | 70 | Derivative Income | SETM vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 68 | Inverse Equities, Leveraged Equities | SETM vs MSTZ | |
| Invesco DB US Dollar Index Bullish Fund | -0.30 | -0.32 | -0.33 | 51 | Currency | SETM vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SETM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SETM and solid risk/return profiles. The least correlated is Sphere Entertainment Co. (SPHR) (Communication Services) with a 1Y correlation of 0.24, roughly unchanged from 0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sphere Entertainment Co. | 0.24 | 0.28 | — | 98 | Communication Services | |
| General Electric Company | 0.28 | 0.27 | — | 78 | Industrials | |
| Micron Technology, Inc. | 0.35 | 0.36 | — | 99 | Technology | |
| Western Digital Corporation | 0.35 | 0.35 | — | 99 | Technology | |
| General American Investors Company, Inc. | 0.52 | 0.49 | — | 92 | Financial Services |
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Build a portfolio that complements SETM
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