Looking to diversify beyond TOPT? The ETFs below have the lowest correlation with TOPT — 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 TOPT.
Best Diversifiers for TOPT
410 ETFs have low correlation with TOPT (below 0.3), 94 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 -0.44, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.44 | -0.44 | 70 | Inverse Equities, Leveraged Equities | TOPT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 73 | Derivative Income | TOPT vs WNTR | |
| ProShares Short Bitcoin ETF | -0.40 | -0.41 | -0.41 | 52 | Cryptocurrency | TOPT vs BITI | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | TOPT vs IBIC | |
| Invesco DB Energy Fund | -0.22 | -0.10 | -0.10 | 57 | Oil & Gas | TOPT vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TOPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOPT and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.35, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.35 | -0.27 | -0.27 | 64 | Utilities | |
| Waste Management, Inc. | -0.32 | -0.12 | -0.12 | 56 | Industrials | |
| Chubb Limited | -0.30 | -0.15 | -0.15 | 82 | Financial Services | |
| The Southern Company | -0.29 | -0.23 | -0.23 | 56 | Utilities | |
| Altria Group, Inc. | -0.29 | -0.24 | -0.24 | 80 | Consumer Defensive |
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