Looking to diversify beyond DFRA? The ETFs below have the lowest correlation with DFRA — 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 DFRA.
Best Diversifiers for DFRA
350 ETFs have low correlation with DFRA (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.28 | — | 52 | Cryptocurrency | DFRA vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 70 | Inverse Equities, Leveraged Equities | DFRA vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | — | — | 63 | Inverse Equities | DFRA vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.29 | — | — | 73 | Derivative Income | DFRA vs WNTR | |
| ProShares UltraShort Yen | -0.28 | -0.12 | — | 73 | Leveraged Currency | DFRA vs YCS |
See all 2065 diversifiers for DFRA
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