Looking to diversify beyond SHE? The ETFs below have historically moved differently from SHE, 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 SHE
330 ETFs have low correlation with SHE (below 0.3), 70 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 -0.47, roughly unchanged from -0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | -0.41 | -0.41 | 61 | Inverse Equities, Leveraged Equities | SHE vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.35 | — | 61 | Cryptocurrency | SHE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SHE vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | — | — | 75 | Derivative Income | SHE vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.35 | -0.07 | — | 56 | Options Trading | SHE vs CAOS |
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