Looking to diversify beyond THNQ? The ETFs below have historically moved differently from THNQ, 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 THNQ
450 ETFs have low correlation with THNQ (below 0.3), 108 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.52 | — | — | 61 | Inverse Equities, Leveraged Equities | THNQ vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.50 | -0.39 | — | 61 | Cryptocurrency | THNQ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.50 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | THNQ vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.49 | — | — | 75 | Derivative Income | THNQ vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.30 | -0.07 | — | 56 | Options Trading | THNQ vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for THNQ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.15, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.15 | 0.11 | 0.26 | 61 | Financial Services | |
| Wheaton Precious Metals Corp. | 0.29 | 0.21 | 0.23 | 57 | Basic Materials | |
| NVIDIA Corporation | 0.54 | 0.60 | 0.69 | 56 | Technology |
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