Looking to diversify beyond DGRW? The ETFs below have the lowest correlation with DGRW — 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 DGRW.
Best Diversifiers for DGRW
309 ETFs have low correlation with DGRW (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 | -0.40 | — | — | 56 | Inverse Equities | DGRW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 65 | Inverse Equities, Leveraged Equities | DGRW vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.39 | -0.32 | — | 53 | Cryptocurrency | DGRW vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 70 | Derivative Income | DGRW vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.06 | 0.08 | 57 | Oil & Gas | DGRW vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DGRW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DGRW and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.11 | 0.26 | 78 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.04 | 0.15 | 0.23 | 64 | Energy | |
| Verizon Communications Inc. | -0.03 | 0.14 | 0.25 | 57 | Communication Services | |
| Devon Energy Corporation | -0.02 | 0.18 | 0.27 | 73 | Energy | |
| Duke Energy Corporation | -0.01 | 0.12 | 0.24 | 65 | Utilities |
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