Looking to diversify beyond DBP? The ETFs below have historically moved differently from DBP, 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 DBP
1109 ETFs have low correlation with DBP (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, down from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.17 | — | 61 | Cryptocurrency | DBP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DBP vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | — | — | 52 | Inverse Equities | DBP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 61 | Inverse Equities, Leveraged Equities | DBP vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | — | — | 75 | Derivative Income | DBP vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DBP, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.05 | 0.03 | 0.07 | 90 | Consumer Defensive | |
| AbbVie Inc. | -0.00 | -0.01 | 0.01 | 81 | Healthcare | |
| The Goldman Sachs Group, Inc. | 0.30 | 0.16 | 0.12 | 81 | Financial Services | |
| Sprott Physical Gold Trust | 0.96 | 0.95 | 0.95 | 64 | Financial Services |
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