Looking to diversify beyond DES? The ETFs below have the lowest correlation with DES — 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 DES.
Best Diversifiers for DES
391 ETFs have low correlation with DES (below 0.3), 53 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.28, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.29 | -0.29 | 68 | Inverse Equities, Leveraged Equities | DES vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.27 | -0.29 | -0.32 | 57 | Cryptocurrency | DES vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DES vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | -0.29 | -0.29 | 60 | Inverse Equities | DES vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | -0.30 | -0.30 | 70 | Derivative Income | DES vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DES, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DES and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of 0.14, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.14 | 0.14 | 0.12 | 61 | Financial Services |
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