Looking to diversify beyond DIVO? The ETFs below have the lowest correlation with DIVO — 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 DIVO.
Best Diversifiers for DIVO
414 ETFs have low correlation with DIVO (below 0.3), 43 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 56 | Inverse Equities | DIVO vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 65 | Inverse Equities, Leveraged Equities | DIVO vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.28 | -0.26 | -0.28 | 53 | Cryptocurrency | DIVO vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 70 | Derivative Income | DIVO vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.24 | — | — | 54 | Multistrategy | DIVO vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DIVO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DIVO and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.01, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.01 | 0.22 | 0.32 | 64 | Energy | |
| Devon Energy Corporation | 0.00 | 0.24 | 0.35 | 73 | Energy | |
| Sunoco LP | 0.02 | 0.21 | 0.31 | 87 | Energy | |
| Altria Group, Inc. | 0.03 | 0.22 | 0.32 | 78 | Consumer Defensive | |
| ConocoPhillips Company | 0.03 | 0.23 | 0.34 | 66 | Energy |
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