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Defiance S&P 500 Enhanced Options & 0DTE Income ETF (WDTE) Diversifiers

ETF · Currency in USD · Last updated Jul 14, 2026

WDTE is an actively managed ETF that seeks current income and exposure to the S&P 500 by generating weekly distributions through selling option premium daily, primarily using treasuries and S&P 500 index options. The fund aims to provide enhanced income by capturing rapid time decay via selling in-the-money puts, with a secondary objective of limiting potential investment gains.

Looking to diversify beyond WDTE? The ETFs below have the lowest correlation with WDTE — 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 WDTE.

Best Diversifiers for WDTE

311 ETFs have low correlation with WDTE (below 0.3), 60 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 -0.41 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MSTZ
T-REX 2X Inverse MSTR Daily Target ETF-0.44-0.41-0.41
68
Inverse Equities, Leveraged EquitiesWDTE vs MSTZ
WNTR
YieldMax Short MSTR Option Income Strategy ETF-0.43——
70
Derivative IncomeWDTE vs WNTR
BITI
ProShares Short Bitcoin ETF-0.43-0.32-0.32
57
CryptocurrencyWDTE vs BITI
SBIT
Proshares Ultrashort Bitcoin ETF-0.42-0.38-0.38
52
Cryptocurrency, Leveraged CryptocurrencyWDTE vs SBIT
UUP
Invesco DB US Dollar Index Bullish Fund-0.27——
51
CurrencyWDTE vs UUP
See all 1555 diversifiers for WDTE

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Diversification Analysis

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