Looking to diversify beyond DHS? The ETFs below have the lowest correlation with DHS — 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 DHS.
Best Diversifiers for DHS
1278 ETFs have low correlation with DHS (below 0.3), 88 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.25, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.25 | -0.14 | -0.09 | 75 | Leveraged Currency | DHS vs YCS | |
| ProShares Ultra Semiconductors | -0.14 | 0.04 | 0.22 | 78 | Leveraged Equities, Semiconductors | DHS vs USD | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.13 | -0.13 | -0.13 | 60 | Inverse Equities, Leveraged Equities | DHS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.12 | -0.14 | -0.14 | 53 | Inverse Equities | DHS vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.12 | — | — | 65 | Derivative Income | DHS vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DHS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DHS and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.18, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.18 | -0.02 | 0.15 | 69 | Technology | |
| Credo Technology Group Holding Ltd | -0.18 | 0.02 | — | 86 | Technology | |
| Broadcom Inc. | -0.16 | 0.02 | 0.21 | 73 | Technology | |
| CrowdStrike Holdings, Inc. | -0.10 | 0.05 | 0.14 | 75 | Technology | |
| Micron Technology, Inc. | -0.08 | 0.08 | 0.20 | 99 | Technology |
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Build a portfolio that complements DHS
Add DHS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DHS