Looking to diversify beyond THRO? The ETFs below have the lowest correlation with THRO — 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 THRO.
Best Diversifiers for THRO
263 ETFs have low correlation with THRO (below 0.3), 44 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | -0.45 | -0.45 | 62 | Inverse Equities, Leveraged Equities | THRO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | — | — | 63 | Derivative Income | THRO vs WNTR | |
| United States Gasoline Fund LP | -0.22 | -0.05 | — | 69 | Oil & Gas | THRO vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | THRO vs IBIC | |
| ProShares UltraShort Yen | -0.15 | -0.00 | — | 73 | Leveraged Currency | THRO vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from THRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to THRO and solid risk/return profiles. The least correlated is Catalyst Pharmaceuticals, Inc. (CPRX) (Healthcare) with a 1Y correlation of 0.27, roughly unchanged from 0.33 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Catalyst Pharmaceuticals, Inc. | 0.27 | 0.33 | — | 82 | Healthcare | |
| Super Group (SGHC) Limited | 0.29 | 0.37 | — | 66 | Consumer Cyclical | |
| Alamos Gold Inc. | 0.30 | 0.24 | 0.25 | 54 | Basic Materials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.62 | 0.64 | — | 93 | Technology | |
| NVIDIA Corporation | 0.62 | 0.67 | — | 66 | Technology |
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