Looking to diversify beyond DDLS? The ETFs below have the lowest correlation with DDLS — 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 DDLS.
Best Diversifiers for DDLS
313 ETFs have low correlation with DDLS (below 0.3), 57 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.31, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | -0.28 | -0.28 | 53 | Inverse Equities | DDLS vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | -0.27 | -0.27 | 60 | Inverse Equities, Leveraged Equities | DDLS vs MSTZ | |
| ProShares UltraShort Yen | -0.30 | -0.17 | -0.13 | 75 | Leveraged Currency | DDLS vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.29 | — | — | 65 | Derivative Income | DDLS vs WNTR | |
| United States Gasoline Fund LP | -0.28 | -0.05 | 0.08 | 72 | Oil & Gas | DDLS vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DDLS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DDLS and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.10, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.10 | 0.11 | 0.23 | 71 | Energy | |
| Waste Management, Inc. | -0.05 | 0.10 | 0.21 | 51 | Industrials | |
| Ventas, Inc. | 0.05 | 0.20 | 0.33 | 93 | Real Estate | |
| AbbVie Inc. | 0.10 | 0.16 | 0.19 | 77 | Healthcare | |
| Centene Corporation | 0.10 | 0.12 | 0.21 | 89 | Healthcare |
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Build a portfolio that complements DDLS
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