21Shares Dogecoin ETF (TDOG) Diversifiers

ETF · Currency in USD · Last updated Jun 4, 2026

The 21Shares Dogecoin ETF is an exchange-traded product that seeks to provide exposure to Dogecoin without requiring investors to directly hold the cryptocurrency. The fund's shares trade on Nasdaq and are designed to track the performance of Dogecoin, before fees and expenses, through a regulated exchange-traded structure.

Looking to diversify beyond TDOG? The ETFs below have the lowest correlation with TDOG — 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 TDOG.

Best Diversifiers for TDOG

0 ETFs have low correlation with TDOG (below 0.3), 0 of which are negatively correlated. The least correlated is Valkyrie Bitcoin Miners ETF (WGMI) (Cryptocurrency) with a 1Y correlation of 0.43, roughly unchanged from 0.43 over 3 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
WGMI	Valkyrie Bitcoin Miners ETF	0.43	0.43	—	79	Cryptocurrency	TDOG vs WGMI

Diversification Analysis

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