Looking to diversify beyond DFAX? The ETFs below have the lowest correlation with DFAX — 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 DFAX.
Best Diversifiers for DFAX
259 ETFs have low correlation with DFAX (below 0.3), 53 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.56, roughly unchanged from -0.54 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.56 | -0.54 | — | 51 | Currency | DFAX vs UUP | |
| ProShares Short Bitcoin ETF | -0.43 | -0.32 | -0.35 | 57 | Cryptocurrency | DFAX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DFAX vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 60 | Inverse Equities | DFAX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | DFAX vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DFAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DFAX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.10 | 0.12 | 0.25 | 75 | Energy | |
| Berkshire Hathaway Inc. | 0.07 | 0.28 | — | 53 | Financial Services | |
| Eli Lilly and Company | 0.14 | 0.21 | 0.21 | 80 | Healthcare | |
| RTX Corporation | 0.26 | 0.21 | 0.33 | 81 | Industrials | |
| Becton, Dickinson and Company | 0.26 | 0.29 | 0.31 | 60 | Healthcare |
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