Looking to diversify beyond DJD? The ETFs below have the lowest correlation with DJD — 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 DJD.
Best Diversifiers for DJD
672 ETFs have low correlation with DJD (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.12 | -0.07 | 72 | Leveraged Currency | DJD vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.24 | -0.19 | -0.26 | 51 | Currency | DJD vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | -0.19 | -0.19 | 68 | Inverse Equities, Leveraged Equities | DJD vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.22 | -0.21 | -0.21 | 60 | Inverse Equities | DJD vs SMST | |
| Invesco DB Energy Fund | -0.21 | -0.07 | 0.12 | 53 | Oil & Gas | DJD vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DJD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DJD and solid risk/return profiles. The least correlated is Marvell Technology, Inc. (MRVL) (Technology) with a 1Y correlation of 0.06, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marvell Technology, Inc. | 0.06 | 0.19 | 0.33 | 94 | Technology | |
| Exxon Mobil Corporation | 0.10 | 0.27 | 0.39 | 75 | Energy | |
| Verizon Communications Inc. | 0.40 | 0.46 | 0.49 | 57 | Communication Services |
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