Looking to diversify beyond DFEV? The ETFs below have the lowest correlation with DFEV — 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 DFEV.
Best Diversifiers for DFEV
402 ETFs have low correlation with DFEV (below 0.3), 46 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | — | — | 53 | Inverse Equities | DFEV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 60 | Inverse Equities, Leveraged Equities | DFEV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 65 | Derivative Income | DFEV vs WNTR | |
| ProShares UltraShort Yen | -0.25 | -0.20 | — | 75 | Leveraged Currency | DFEV vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.21 | -0.25 | -0.25 | 51 | Multistrategy | DFEV vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DFEV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DFEV and solid risk/return profiles. The least correlated is Interactive Brokers Group, Inc. (IBKR) (Financial Services) with a 1Y correlation of 0.50, up from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Interactive Brokers Group, Inc. | 0.50 | 0.33 | 0.39 | 85 | Financial Services | |
| Western Digital Corporation | 0.55 | 0.46 | — | 99 | Technology |
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