Looking to balance out your exposure to DADA? The ETFs below have the lowest correlation with DADA — they tend to move on their own, which can help reduce risk when DADA drops. The stock ideas table highlights individual companies that behave independently from DADA.
Best Diversifiers for DADA
1 ETFs have low correlation with DADA (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | -0.07 | — | — | 96 | Leveraged Equities | DADA vs AMDL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DADA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DADA and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.07, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.07 | 0.14 | 0.23 | 99 | Technology | |
| Zoom Video Communications, Inc. | -0.05 | 0.14 | 0.28 | 64 | Communication Services | |
| Powell Industries, Inc. | -0.03 | 0.08 | 0.12 | 98 | Industrials | |
| Novavax, Inc. | -0.02 | 0.20 | 0.29 | 61 | Healthcare | |
| Enphase Energy, Inc. | -0.02 | 0.19 | 0.25 | 65 | Technology |
Build a portfolio that complements DADA
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