Looking to diversify beyond DFAX? The ETFs below have historically moved differently from DFAX, 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 DFAX
324 ETFs have low correlation with DFAX (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.33 | — | 61 | Cryptocurrency | DFAX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DFAX vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | -0.38 | -0.38 | 52 | Inverse Equities | DFAX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 61 | Inverse Equities, Leveraged Equities | DFAX vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | -0.40 | — | 75 | Derivative Income | DFAX 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 DFAX, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.13, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.13 | 0.11 | 0.25 | 84 | Energy | |
| Berkshire Hathaway Inc. | 0.00 | 0.26 | — | 61 | Financial Services | |
| Visa Inc. | 0.06 | 0.25 | 0.41 | 53 | Financial Services | |
| Eli Lilly and Company | 0.12 | 0.21 | 0.21 | 83 | Healthcare | |
| Becton, Dickinson and Company | 0.21 | 0.27 | 0.30 | 67 | Healthcare |
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