Looking to diversify beyond DAPR? The ETFs below have historically moved differently from DAPR, 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 DAPR
501 ETFs have low correlation with DAPR (below 0.3), 90 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | -0.43 | -0.43 | 52 | Inverse Equities | DAPR vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.42 | -0.42 | 61 | Inverse Equities, Leveraged Equities | DAPR vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | — | — | 75 | Derivative Income | DAPR vs WNTR | |
| ProShares Short Bitcoin ETF | -0.39 | -0.32 | — | 61 | Cryptocurrency | DAPR vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DAPR vs SBIT |
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