Looking to diversify beyond DIM? The ETFs below have historically moved differently from DIM, 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 DIM
288 ETFs have low correlation with DIM (below 0.3), 80 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.33 | -0.29 | 56 | Leveraged Currency | DIM vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DIM vs SBIT | |
| ProShares Short Bitcoin ETF | -0.37 | -0.29 | — | 61 | Cryptocurrency | DIM vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 52 | Inverse Equities | DIM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.33 | -0.33 | 61 | Inverse Equities, Leveraged Equities | DIM vs MSTZ |
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