Looking to diversify beyond THD? The ETFs below have historically moved differently from THD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for THD
481 ETFs have low correlation with THD (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, roughly unchanged from -0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.22 | -0.25 | 56 | Leveraged Currency | THD vs YCS | |
| ProShares Short Bitcoin ETF | -0.25 | -0.15 | — | 61 | Cryptocurrency | THD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | THD vs SBIT | |
| United States Oil Fund LP | -0.23 | -0.02 | 0.07 | 55 | Oil & Gas | THD vs USO | |
| Invesco DB Energy Fund | -0.23 | -0.02 | 0.08 | 72 | Oil & Gas | THD vs DBE |
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