Looking to diversify beyond DGS? The ETFs below have the lowest correlation with DGS — 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 DGS.
Best Diversifiers for DGS
314 ETFs have low correlation with DGS (below 0.3), 59 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.28 | -0.24 | 63 | Leveraged Currency | DGS vs YCS | |
| United States Oil Fund LP | -0.35 | -0.02 | 0.10 | 66 | Oil & Gas | DGS vs USO | |
| United States Brent Oil Fund LP | -0.34 | -0.00 | 0.10 | 65 | Oil & Gas | DGS vs BNO | |
| Invesco DB Energy Fund | -0.34 | -0.01 | 0.12 | 71 | Oil & Gas | DGS vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.33 | — | — | 56 | Derivative Income | DGS vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DGS and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.22, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.22 | 0.28 | 0.33 | 73 | Technology | |
| NVIDIA Corporation | 0.36 | 0.39 | 0.45 | 82 | Technology | |
| Sprott Physical Gold Trust | 0.38 | 0.38 | 0.37 | 71 | Financial Services | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.56 | 0.51 | 0.55 | 95 | Technology |
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