Looking to diversify beyond DIHP? The ETFs below have historically moved differently from DIHP, 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 DIHP
245 ETFs have low correlation with DIHP (below 0.3), 80 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.31 | — | 61 | Cryptocurrency | DIHP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DIHP vs SBIT | |
| ProShares UltraShort Yen | -0.40 | -0.29 | — | 56 | Leveraged Currency | DIHP vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 52 | Inverse Equities | DIHP vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 61 | Inverse Equities, Leveraged Equities | DIHP vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DIHP, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.33, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.33 | 0.36 | 0.44 | 67 | Technology | |
| Coherent Corp. | 0.42 | 0.42 | 0.49 | 87 | Technology | |
| Micron Technology, Inc. | 0.42 | 0.42 | 0.47 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.50 | 0.50 | 0.55 | 87 | Technology |
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