Looking to diversify beyond DBA? The ETFs below have historically moved differently from DBA, 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 DBA
2217 ETFs have low correlation with DBA (below 0.3), 469 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SGI Enhanced Core ETF | -0.20 | — | — | 97 | Intermediate Core Bond | DBA vs USDX | |
| iShares Short-Term National Muni Bond ETF | -0.18 | -0.05 | -0.03 | 74 | Municipal Bonds, Short-Term Bond | DBA vs SUB | |
| iShares Short Duration High Yield Muni Active ETF | -0.17 | -0.06 | -0.04 | 67 | High Yield Muni | DBA vs SHYM | |
| Direxion Daily LLY Bull 2X Shares | -0.16 | -0.05 | -0.05 | 51 | Leveraged Equities | DBA vs ELIL | |
| Franklin Ultra Short Bond ETF | -0.16 | -0.08 | -0.04 | 97 | Ultrashort Bond | DBA vs FLUD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DBA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.16, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.16 | -0.04 | -0.01 | 83 | Healthcare | |
| The Coca-Cola Company | -0.15 | -0.07 | 0.01 | 90 | Consumer Defensive | |
| Visa Inc. | -0.10 | -0.02 | 0.03 | 53 | Financial Services | |
| Berkshire Hathaway Inc. | -0.06 | 0.02 | 0.12 | 61 | Financial Services | |
| DHT Holdings, Inc. | -0.04 | 0.00 | 0.09 | 93 | Industrials |
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