Looking to diversify beyond TRFK? The ETFs below have historically moved differently from TRFK, 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 TRFK
523 ETFs have low correlation with TRFK (below 0.3), 147 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, down from -0.37 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.37 | — | 61 | Cryptocurrency | TRFK vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | TRFK vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 61 | Inverse Equities, Leveraged Equities | TRFK vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 75 | Derivative Income | TRFK vs WNTR | |
| iShares U.S. Insurance ETF | -0.32 | -0.00 | — | 53 | Financials Equities | TRFK vs IAK |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TRFK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Modine Manufacturing Company (MOD) (Consumer Cyclical) with a 1Y correlation of 0.56, roughly unchanged from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Modine Manufacturing Company | 0.56 | 0.58 | 0.55 | 70 | Consumer Cyclical | |
| Core Scientific, Inc | 0.61 | — | — | 69 | Technology | |
| EMCOR Group, Inc. | 0.61 | 0.60 | — | 65 | Industrials | |
| BlackRock Science and Technology Term Trust | 0.78 | 0.75 | 0.77 | 87 | Financial Services |
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