Looking to diversify beyond DIHP? The ETFs below have the lowest correlation with DIHP — 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 DIHP.
Best Diversifiers for DIHP
227 ETFs have low correlation with DIHP (below 0.3), 50 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.59, roughly unchanged from -0.54 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.59 | -0.54 | — | 51 | Currency | DIHP vs UUP | |
| ProShares UltraShort Yen | -0.43 | -0.29 | — | 72 | Leveraged Currency | DIHP vs YCS | |
| ProShares Short Bitcoin ETF | -0.39 | -0.30 | -0.33 | 57 | Cryptocurrency | DIHP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DIHP vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.32 | -0.32 | 68 | Inverse Equities, Leveraged Equities | DIHP vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DIHP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DIHP and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.07, down from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.07 | 0.13 | — | 53 | Industrials | |
| Broadcom Inc. | 0.29 | 0.36 | 0.44 | 71 | Technology | |
| Micron Technology, Inc. | 0.40 | 0.42 | — | 99 | Technology | |
| Coherent Corp. | 0.41 | 0.42 | 0.50 | 95 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.47 | 0.50 | 0.55 | 92 | Technology |
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