Looking to diversify beyond TAN? The ETFs below have the lowest correlation with TAN — 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 TAN.
Best Diversifiers for TAN
390 ETFs have low correlation with TAN (below 0.3), 44 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 68 | Inverse Equities, Leveraged Equities | TAN vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.37 | -0.25 | -0.27 | 57 | Cryptocurrency | TAN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.27 | -0.27 | 52 | Cryptocurrency, Leveraged Cryptocurrency | TAN vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | TAN vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.23 | -0.27 | -0.27 | 51 | Currency | TAN vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TAN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TAN and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.25, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.25 | -0.09 | 0.03 | 53 | Industrials | |
| Chubb Limited | -0.23 | -0.08 | 0.05 | 86 | Financial Services | |
| Duke Energy Corporation | -0.18 | 0.00 | 0.02 | 66 | Utilities | |
| The Coca-Cola Company | -0.17 | 0.01 | 0.06 | 83 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.13 | 0.12 | 0.17 | 75 | Energy |
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