Looking to diversify beyond DFNV? The ETFs below have historically moved differently from DFNV, 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 DFNV
651 ETFs have low correlation with DFNV (below 0.3), 88 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.40, roughly unchanged from -0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | -0.42 | -0.42 | 52 | Inverse Equities | DFNV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.41 | -0.41 | 61 | Inverse Equities, Leveraged Equities | DFNV vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | DFNV vs WNTR | |
| ProShares Short Bitcoin ETF | -0.35 | -0.31 | — | 61 | Cryptocurrency | DFNV vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DFNV vs SBIT |
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