Looking to diversify beyond DFAS? The ETFs below have historically moved differently from DFAS, 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 DFAS
304 ETFs have low correlation with DFAS (below 0.3), 63 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | DFAS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 52 | Inverse Equities | DFAS vs SMST | |
| ProShares Short Bitcoin ETF | -0.39 | -0.35 | — | 61 | Cryptocurrency | DFAS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DFAS vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | DFAS vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DFAS, 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 ONEOK, Inc. (OKE) (Energy) with a 1Y correlation of 0.05, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ONEOK, Inc. | 0.05 | 0.33 | 0.49 | 63 | Energy | |
| Gilead Sciences, Inc. | 0.17 | 0.25 | 0.28 | 65 | Healthcare | |
| Berkshire Hathaway Inc. | 0.18 | 0.40 | 0.53 | 61 | Financial Services | |
| Palo Alto Networks, Inc. | 0.21 | 0.31 | 0.38 | 88 | Technology | |
| NVIDIA Corporation | 0.27 | 0.31 | 0.47 | 56 | Technology |
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