Looking to diversify beyond WEED? The ETFs below have historically moved differently from WEED, 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 WEED
1238 ETFs have low correlation with WEED (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.21, down from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.21 | -0.08 | — | 61 | Cryptocurrency | WEED vs BITI | |
| Goldman Sachs Ultra Short Bond ETF | -0.11 | -0.02 | — | 99 | Ultrashort Bond | WEED vs GSST | |
| Horizon Landmark ETF | -0.11 | — | — | 99 | Ultrashort Bond | WEED vs BENJ | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 98 | Ultrashort Bond | WEED vs CSHP | |
| Brookmont Catastrophic Bond ETF | -0.09 | — | — | 98 | Nontraditional Bonds | WEED vs ILS |
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