Looking to diversify beyond DFEN? The ETFs below have the lowest correlation with DFEN — 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 DFEN.
Best Diversifiers for DFEN
473 ETFs have low correlation with DFEN (below 0.3), 80 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.36, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.32 | -0.32 | 68 | Inverse Equities, Leveraged Equities | DFEN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | -0.33 | -0.33 | 60 | Inverse Equities | DFEN vs SMST | |
| ProShares Short Bitcoin ETF | -0.35 | -0.24 | -0.26 | 57 | Cryptocurrency | DFEN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DFEN vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | -0.34 | -0.34 | 70 | Derivative Income | DFEN vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DFEN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DFEN and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.14, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.14 | -0.01 | 0.12 | 57 | Communication Services | |
| Exxon Mobil Corporation | -0.12 | 0.10 | 0.28 | 75 | Energy | |
| The Coca-Cola Company | -0.06 | 0.06 | 0.22 | 83 | Consumer Defensive | |
| Enbridge Inc. | -0.03 | 0.19 | 0.36 | 88 | Energy | |
| Sabra Health Care REIT, Inc. | 0.04 | 0.18 | 0.31 | 64 | Real Estate |
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