Looking to diversify beyond SRPU? The ETFs below have the lowest correlation with SRPU — 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 SRPU.
Best Diversifiers for SRPU
2 ETFs have low correlation with SRPU (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long ASML Daily ETF (ASMG) (Leveraged Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ASML Daily ETF | 0.18 | 0.18 | 0.18 | 86 | Leveraged Equities | SRPU vs ASMG | |
| GraniteShares 2x Long MRVL Daily ETF | 0.19 | 0.19 | 0.19 | 93 | Leveraged Equities | SRPU vs MVLL | |
| GraniteShares 2x Long DELL Daily ETF | 0.33 | 0.33 | 0.33 | 96 | Leveraged Equities | SRPU vs DLLL | |
| Innovator Growth Accelerated Plus ETF - July | 0.45 | 0.45 | 0.45 | 67 | Leveraged Equities | SRPU vs QTJL | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.45 | 0.45 | — | 72 | Leveraged Equities | SRPU vs XTJL |
Diversification Analysis
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