Looking to diversify beyond DFAW? The ETFs below have the lowest correlation with DFAW — 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 DFAW.
Best Diversifiers for DFAW
201 ETFs have low correlation with DFAW (below 0.3), 42 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.44, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | -0.44 | -0.44 | 53 | Inverse Equities | DFAW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.43 | -0.43 | 60 | Inverse Equities, Leveraged Equities | DFAW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 65 | Derivative Income | DFAW vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.25 | — | — | 51 | Multistrategy | DFAW vs RSBY | |
| United States Gasoline Fund LP | -0.25 | — | — | 72 | Oil & Gas | DFAW vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DFAW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DFAW and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.02 | 0.02 | 79 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.12 | 0.12 | 0.12 | 71 | Energy | |
| The Coca-Cola Company | -0.10 | 0.07 | 0.07 | 82 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.10 | 0.13 | 0.13 | 60 | Energy | |
| Devon Energy Corporation | -0.10 | 0.16 | 0.16 | 69 | Energy |
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