Looking to diversify beyond DBA? The ETFs below have the lowest correlation with DBA — 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 DBA.
Best Diversifiers for DBA
1941 ETFs have low correlation with DBA (below 0.3), 354 of which are negatively correlated. The least correlated is iShares Short Duration High Yield Muni Active ETF (SHYM) (High Yield Muni) with a 1Y correlation of -0.18, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short Duration High Yield Muni Active ETF | -0.18 | -0.04 | -0.04 | 52 | High Yield Muni | DBA vs SHYM | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.17 | 0.01 | — | 68 | Municipal Bonds | DBA vs BSMW | |
| iShares Investment Grade Corporate Bond Buywrite S... | -0.16 | -0.02 | — | 57 | Corporate Bonds | DBA vs LQDW | |
| Roundhill Weekly T-Bill ETF | -0.15 | — | — | 99 | Ultrashort Bond | DBA vs WEEK | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.15 | -0.05 | -0.03 | 78 | Municipal Bonds | DBA vs FLMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DBA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DBA and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.12 | -0.02 | 0.03 | 74 | Consumer Defensive | |
| Star Bulk Carriers Corp. | -0.04 | 0.07 | 0.13 | 89 | Industrials | |
| DHT Holdings, Inc. | -0.02 | 0.00 | 0.09 | 92 | Energy | |
| International Seaways, Inc. | -0.01 | -0.01 | 0.08 | 97 | Energy | |
| Kraken Robotics Inc | 0.02 | 0.05 | 0.07 | 87 | Technology |
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Build a portfolio that complements DBA
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