Looking to diversify beyond DHS? The ETFs below have historically moved differently from DHS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DHS
1324 ETFs have low correlation with DHS (below 0.3), 99 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.14 | -0.10 | 56 | Leveraged Currency | DHS vs YCS | |
| ProShares Ultra Semiconductors | -0.15 | 0.03 | 0.21 | 52 | Leveraged Equities, Semiconductors | DHS vs USD | |
| Alpha Architect Tail Risk ETF | -0.14 | -0.06 | — | 56 | Options Trading | DHS vs CAOS | |
| Invesco DB Oil Fund | -0.11 | 0.04 | 0.21 | 58 | Oil & Gas | DHS vs DBO | |
| ProShares Short Bitcoin ETF | -0.11 | -0.18 | -0.22 | 61 | Cryptocurrency | DHS vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DHS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.20, down from 0.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.20 | 0.00 | — | 74 | Technology | |
| NVIDIA Corporation | -0.17 | -0.03 | 0.15 | 56 | Technology | |
| Broadcom Inc. | -0.17 | 0.02 | 0.18 | 67 | Technology | |
| Western Digital Corporation | -0.13 | 0.09 | 0.27 | 99 | Technology | |
| CrowdStrike Holdings, Inc. | -0.11 | 0.04 | 0.14 | 80 | Technology |
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