Looking to diversify beyond DHDG? The ETFs below have the lowest correlation with DHDG — 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 DHDG.
Best Diversifiers for DHDG
396 ETFs have low correlation with DHDG (below 0.3), 62 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 | -0.45 | — | — | 60 | Inverse Equities | DHDG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 68 | Inverse Equities, Leveraged Equities | DHDG vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.42 | -0.41 | -0.41 | 57 | Cryptocurrency | DHDG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DHDG vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | -0.44 | -0.44 | 70 | Derivative Income | DHDG vs WNTR |
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