Looking to diversify beyond TRFK? The ETFs below have the lowest correlation with TRFK — 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 TRFK.
Best Diversifiers for TRFK
419 ETFs have low correlation with TRFK (below 0.3), 90 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | TRFK vs SBIT | |
| ProShares Short Bitcoin ETF | -0.44 | -0.36 | -0.39 | 57 | Cryptocurrency | TRFK vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 68 | Inverse Equities, Leveraged Equities | TRFK vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 70 | Derivative Income | TRFK vs WNTR | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.24 | 0.01 | — | 53 | Dividend | TRFK vs LVHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TRFK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRFK and solid risk/return profiles. The least correlated is Modine Manufacturing Company (MOD) (Consumer Cyclical) with a 1Y correlation of 0.56, roughly unchanged from 0.58 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Modine Manufacturing Company | 0.56 | 0.58 | — | 92 | Consumer Cyclical | |
| EMCOR Group, Inc. | 0.57 | 0.58 | — | 73 | Industrials | |
| Core Scientific, Inc | 0.59 | — | — | 78 | Technology | |
| BlackRock Science and Technology Term Trust | 0.76 | 0.75 | — | 93 | Financial Services |
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