Looking to diversify beyond DDLS? The ETFs below have historically moved differently from DDLS, 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 DDLS
347 ETFs have low correlation with DDLS (below 0.3), 88 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.10 | 0.07 | 72 | Oil & Gas | DDLS vs DBE | |
| ProShares Short Bitcoin ETF | -0.35 | -0.25 | — | 61 | Cryptocurrency | DDLS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DDLS vs SBIT | |
| United States Brent Oil Fund LP | -0.34 | -0.07 | 0.07 | 52 | Oil & Gas | DDLS vs BNO | |
| United States Oil Fund LP | -0.33 | -0.07 | 0.08 | 55 | Oil & Gas | DDLS vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DDLS, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.14, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.14 | 0.10 | 0.21 | 84 | Energy | |
| Ventas, Inc. | 0.03 | 0.20 | 0.33 | 91 | Real Estate | |
| Centene Corporation | 0.05 | 0.13 | 0.20 | 95 | Healthcare | |
| AbbVie Inc. | 0.07 | 0.16 | 0.19 | 81 | Healthcare | |
| Johnson & Johnson | 0.11 | 0.13 | 0.19 | 97 | Healthcare |
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