Looking to diversify beyond SHPU? The ETFs below have the lowest correlation with SHPU — 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 SHPU.
Best Diversifiers for SHPU
1 ETFs have low correlation with SHPU (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long ARM Daily ETF (ARMG) (Leveraged Equities) with a 1Y correlation of 0.30, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ARM Daily ETF | 0.30 | 0.30 | 0.30 | 69 | Leveraged Equities | SHPU vs ARMG | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.54 | 0.54 | 0.54 | 75 | Leveraged Equities | SHPU vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 0.56 | 0.56 | 0.56 | 71 | Leveraged Equities | SHPU vs QTJL |
Diversification Analysis
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