Looking to diversify beyond SOFA? The ETFs below have the lowest correlation with SOFA — 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 SOFA.
Best Diversifiers for SOFA
3 ETFs have low correlation with SOFA (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long INTC Daily ETF (INTW) (Leveraged Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long INTC Daily ETF | 0.21 | 0.21 | 0.21 | 97 | Leveraged Equities | SOFA vs INTW | |
| GraniteShares 2x Long MU Daily ETF | 0.25 | 0.25 | 0.25 | 99 | Leveraged Equities | SOFA vs MULL | |
| Leverage Shares 2X Long AMD Daily ETF | 0.28 | 0.28 | 0.28 | 96 | Leveraged Equities | SOFA vs AMDG | |
| Direxion Daily South Korea Bull 3X Shares | 0.35 | 0.35 | 0.35 | 97 | Leveraged Equities | SOFA vs KORU | |
| Innovator Growth Accelerated Plus ETF - April | 0.42 | 0.42 | 0.42 | 98 | Leveraged Equities | SOFA vs QTAP |
See all 6 diversifiers for SOFA
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