Looking to diversify beyond DFAI? The ETFs below have historically moved differently from DFAI, 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 DFAI
253 ETFs have low correlation with DFAI (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.31 | — | 51 | Cryptocurrency | DFAI vs BITI | |
| ProShares UltraShort Yen | -0.38 | -0.29 | -0.25 | 59 | Leveraged Currency | DFAI vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | DFAI vs WNTR | |
| Invesco DB Energy Fund | -0.33 | -0.10 | 0.09 | 66 | Oil & Gas | DFAI vs DBE | |
| United States Gasoline Fund, LP | -0.29 | -0.09 | 0.08 | 83 | Oil & Gas | DFAI vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DFAI, 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 Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.15, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.15 | 0.12 | 0.27 | 78 | Energy | |
| ConocoPhillips Company | -0.15 | 0.07 | 0.25 | 73 | Energy | |
| Occidental Petroleum Corporation | -0.14 | 0.09 | 0.24 | 68 | Energy | |
| Chevron Corporation | -0.13 | 0.10 | 0.26 | 79 | Energy | |
| Altria Group, Inc. | -0.13 | 0.08 | 0.18 | 66 | Consumer Defensive |
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