Looking to diversify beyond DFEN? The ETFs below have historically moved differently from DFEN, 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 DFEN
525 ETFs have low correlation with DFEN (below 0.3), 101 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 52 | Inverse Equities | DFEN vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 61 | Inverse Equities, Leveraged Equities | DFEN vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.34 | -0.24 | — | 61 | Cryptocurrency | DFEN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DFEN vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.33 | — | — | 75 | Derivative Income | DFEN 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 DFEN, 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 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.13 | 0.09 | 0.26 | 84 | Energy | |
| Verizon Communications Inc. | -0.13 | -0.00 | 0.12 | 66 | Communication Services | |
| The Coca-Cola Company | -0.08 | 0.05 | 0.21 | 90 | Consumer Defensive | |
| Enbridge Inc. | -0.03 | 0.19 | 0.35 | 85 | Energy | |
| Sabra Health Care REIT, Inc. | 0.03 | 0.18 | 0.30 | 75 | Real Estate |
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