Looking to diversify beyond DGP? The ETFs below have the lowest correlation with DGP — 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 DGP.
Best Diversifiers for DGP
1418 ETFs have low correlation with DGP (below 0.3), 43 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.41 | -0.43 | 51 | Currency | DGP vs UUP | |
| ProShares Short Bitcoin ETF | -0.27 | -0.15 | -0.17 | 57 | Cryptocurrency | DGP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.18 | -0.18 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DGP vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | -0.17 | -0.17 | 68 | Inverse Equities, Leveraged Equities | DGP vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 70 | Derivative Income | DGP vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DGP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DGP and solid risk/return profiles. The least correlated is Texas Pacific Land Corporation (TPL) (Energy) with a 1Y correlation of 0.02, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation | 0.02 | 0.12 | 0.10 | 57 | Energy | |
| Berkshire Hathaway Inc. | 0.02 | 0.01 | 0.04 | 53 | Financial Services | |
| Elevance Health, Inc. | 0.08 | 0.03 | 0.04 | 66 | Healthcare | |
| Coca-Cola Consolidated, Inc. | 0.08 | 0.03 | 0.03 | 83 | Consumer Defensive | |
| Amazon.com, Inc | 0.14 | 0.08 | 0.07 | 54 | Consumer Cyclical |
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