Looking to diversify beyond TNA? The ETFs below have the lowest correlation with TNA — 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 TNA.
Best Diversifiers for TNA
245 ETFs have low correlation with TNA (below 0.3), 51 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 68 | Inverse Equities, Leveraged Equities | TNA vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.48 | -0.41 | -0.43 | 57 | Cryptocurrency | TNA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | -0.45 | -0.45 | 52 | Cryptocurrency, Leveraged Cryptocurrency | TNA vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 70 | Derivative Income | TNA vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.32 | -0.28 | -0.31 | 51 | Currency | TNA vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TNA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TNA and solid risk/return profiles. The least correlated is FIGS, Inc. (FIGS) (Consumer Cyclical) with a 1Y correlation of 0.34, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| FIGS, Inc. | 0.34 | 0.42 | 0.51 | 75 | Consumer Cyclical | |
| Broadcom Inc. | 0.39 | 0.43 | 0.53 | 71 | Technology | |
| Micron Technology, Inc. | 0.42 | 0.46 | 0.52 | 99 | Technology | |
| German American Bancorp, Inc. | 0.43 | 0.52 | 0.56 | 73 | Financial Services | |
| Fabrinet | 0.46 | 0.50 | 0.56 | 74 | Technology |
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