Looking to diversify beyond DEHP? The ETFs below have the lowest correlation with DEHP — 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 DEHP.
Best Diversifiers for DEHP
468 ETFs have low correlation with DEHP (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.30 | — | 52 | Cryptocurrency | DEHP vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 63 | Inverse Equities | DEHP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 70 | Inverse Equities, Leveraged Equities | DEHP vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 73 | Derivative Income | DEHP vs WNTR | |
| ProShares UltraShort Yen | -0.22 | -0.15 | — | 73 | Leveraged Currency | DEHP vs YCS |
See all 2066 diversifiers for DEHP
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Diversification Analysis
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