Looking to diversify beyond TPHD? The ETFs below have the lowest correlation with TPHD — 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 TPHD.
Best Diversifiers for TPHD
645 ETFs have low correlation with TPHD (below 0.3), 27 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.23, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.23 | -0.23 | -0.23 | 99 | Leveraged Equities, Semiconductors | TPHD vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.19 | — | — | 60 | Inverse Equities, Leveraged Equities | TPHD vs MSTZ | |
| ProShares UltraShort Yen | -0.19 | -0.09 | -0.07 | 75 | Leveraged Currency | TPHD vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.16 | — | — | 65 | Derivative Income | TPHD vs WNTR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | 0.02 | 0.02 | 99 | Ultrashort Bond | TPHD vs CSHP |
See all 1551 diversifiers for TPHD
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