Looking to diversify beyond DIA? The ETFs below have the lowest correlation with DIA — 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 DIA.
Best Diversifiers for DIA
332 ETFs have low correlation with DIA (below 0.3), 67 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.36, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.33 | -0.33 | 68 | Inverse Equities, Leveraged Equities | DIA vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | -0.34 | -0.34 | 60 | Inverse Equities | DIA vs SMST | |
| ProShares Short Bitcoin ETF | -0.35 | -0.29 | -0.32 | 57 | Cryptocurrency | DIA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DIA vs SBIT | |
| Invesco DB Energy Fund | -0.34 | -0.12 | 0.07 | 53 | Oil & Gas | DIA vs DBE |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DIA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DIA and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.14, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.14 | 0.12 | 0.25 | 62 | Energy | |
| Devon Energy Corporation | -0.12 | 0.15 | 0.28 | 72 | Energy | |
| Chevron Corporation | -0.10 | 0.18 | 0.32 | 70 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.15 | 0.29 | 75 | Energy | |
| Altria Group, Inc. | -0.10 | 0.15 | 0.26 | 81 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DIA
Add DIA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DIA