Looking to diversify beyond TPHD? The ETFs below have historically moved differently from TPHD, 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 TPHD
812 ETFs have low correlation with TPHD (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.17, roughly unchanged from -0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.17 | -0.22 | — | 61 | Cryptocurrency | TPHD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.17 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | TPHD vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.15 | -0.05 | 0.07 | 56 | Options Trading | TPHD vs CAOS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.15 | — | — | 61 | Inverse Equities, Leveraged Equities | TPHD vs MSTZ | |
| ProShares UltraShort Yen | -0.13 | -0.09 | -0.07 | 56 | Leveraged Currency | TPHD vs YCS |
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