Looking to diversify beyond THTA? The ETFs below have the lowest correlation with THTA — 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 THTA.
Best Diversifiers for THTA
898 ETFs have low correlation with THTA (below 0.3), 105 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.16, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.16 | -0.05 | -0.05 | 71 | Oil & Gas | THTA vs DBE | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | — | — | 76 | Commodities | THTA vs PDBC | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.14 | — | — | 56 | Oil & Gas | THTA vs OILK | |
| ProShares Ultra Bloomberg Crude Oil | -0.14 | — | — | 56 | Leveraged Commodities | THTA vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.14 | — | — | 77 | Commodities | THTA vs DBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from THTA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to THTA and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.20 | — | — | 77 | Real Estate |
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