Looking to diversify beyond TNA? The ETFs below have historically moved differently from TNA, 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 TNA
268 ETFs have low correlation with TNA (below 0.3), 80 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 | -0.50 | — | — | 61 | Inverse Equities, Leveraged Equities | TNA vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.50 | -0.41 | — | 61 | Cryptocurrency | TNA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.50 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | TNA vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 75 | Derivative Income | TNA vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.12 | — | 56 | Options Trading | TNA 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 TNA, 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 FIGS, Inc. (FIGS) (Consumer Cyclical) with a 1Y correlation of 0.32, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| FIGS, Inc. | 0.32 | 0.42 | 0.50 | 74 | Consumer Cyclical | |
| German American Bancorp, Inc. | 0.39 | 0.50 | 0.56 | 86 | Financial Services | |
| Broadcom Inc. | 0.41 | 0.43 | 0.52 | 67 | Technology | |
| Micron Technology, Inc. | 0.47 | 0.46 | 0.52 | 99 | Technology | |
| Fabrinet | 0.48 | 0.50 | 0.55 | 63 | Technology |
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