Looking to diversify beyond DASX? The ETFs below have the lowest correlation with DASX — 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 DASX.
Best Diversifiers for DASX
3 ETFs have low correlation with DASX (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2X Long ARM Daily ETF (ARMG) (Leveraged Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ARM Daily ETF | 0.15 | 0.15 | 0.15 | 84 | Leveraged Equities | DASX vs ARMG | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.26 | 0.26 | — | 71 | Leveraged Equities | DASX vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | 0.30 | 0.30 | — | 68 | Leveraged Equities | DASX vs QTJL |
Diversification Analysis
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