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
389 ETFs have low correlation with DIA (below 0.3), 75 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.09 | 0.08 | 71 | Oil & Gas | DIA vs DBE | |
| United States Oil Fund LP | -0.34 | -0.09 | 0.07 | 66 | Oil & Gas | DIA vs USO | |
| United States 12 Month Oil Fund LP | -0.33 | -0.07 | 0.09 | 56 | Oil & Gas | DIA vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.33 | -0.08 | 0.09 | 55 | Oil & Gas | DIA vs OILK | |
| Invesco DB Oil Fund | -0.32 | -0.08 | 0.08 | 65 | Oil & Gas | DIA vs DBO |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.18 | 0.27 | 69 | Consumer Defensive | |
| ConocoPhillips Company | -0.08 | 0.16 | 0.28 | 76 | Energy | |
| Exxon Mobil Corporation | -0.08 | 0.18 | 0.31 | 85 | Energy | |
| Chevron Corporation | -0.07 | 0.22 | 0.35 | 83 | Energy | |
| BP p.l.c. | -0.07 | 0.14 | 0.27 | 87 | Energy |
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