Looking to diversify beyond DAT? The ETFs below have the lowest correlation with DAT — 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 DAT.
Best Diversifiers for DAT
840 ETFs have low correlation with DAT (below 0.3), 48 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.55, roughly unchanged from -0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.55 | -0.55 | -0.55 | 99 | Leveraged Equities, Semiconductors | DAT vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 60 | Inverse Equities, Leveraged Equities | DAT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | — | — | 53 | Inverse Equities | DAT vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 65 | Derivative Income | DAT vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.18 | — | — | 60 | Inverse Equities | DAT vs NFXS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DAT and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.27, down from 0.42 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.27 | 0.42 | — | 69 | Technology |
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