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
790 ETFs have low correlation with THTA (below 0.3), 75 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.19, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.19 | -0.18 | -0.18 | 52 | Cryptocurrency, Leveraged Cryptocurrency | THTA vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.18 | — | — | 68 | Inverse Equities, Leveraged Equities | THTA vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.18 | -0.14 | -0.14 | 57 | Cryptocurrency | THTA vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.15 | — | — | 70 | Derivative Income | THTA vs WNTR | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | -0.11 | — | — | 99 | Government Bonds, Ultrashort Bond | THTA vs XONE |
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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. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.06, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.06 | 0.17 | 0.17 | 53 | Financial Services | |
| AGNC Investment Corp. | 0.20 | — | — | 83 | Real Estate |
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