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
276 ETFs have low correlation with DIHP (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.29 | -0.27 | 61 | Leveraged Currency | DIHP vs YCS | |
| Invesco DB Energy Fund | -0.38 | -0.06 | 0.10 | 71 | Oil & Gas | DIHP vs DBE | |
| United States Brent Oil Fund LP | -0.35 | -0.04 | — | 65 | Oil & Gas | DIHP vs BNO | |
| United States Oil Fund LP | -0.35 | -0.04 | 0.10 | 66 | Oil & Gas | DIHP vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.33 | — | — | 56 | Derivative Income | DIHP vs USOY |
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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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.35, roughly unchanged from 0.41 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.35 | 0.41 | — | 84 | Technology | |
| Micron Technology, Inc. | 0.36 | 0.42 | — | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.45 | 0.49 | 0.55 | 95 | Technology |
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