Looking to diversify beyond DJIA? The ETFs below have the lowest correlation with DJIA — 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 DJIA.
Best Diversifiers for DJIA
428 ETFs have low correlation with DJIA (below 0.3), 83 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.25 | — | 53 | Cryptocurrency | DJIA vs BITI | |
| Return Stacked Bonds & Futures Yield ETF | -0.34 | — | — | 54 | Multistrategy | DJIA vs RSBY | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 56 | Inverse Equities | DJIA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 65 | Inverse Equities, Leveraged Equities | DJIA vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.29 | — | — | 70 | Derivative Income | DJIA vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DJIA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DJIA and solid risk/return profiles. The least correlated is Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of 0.07, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dow Inc. | 0.07 | 0.27 | 0.33 | 54 | Basic Materials | |
| Huazhu Group Limited | 0.15 | 0.18 | — | 74 | Consumer Cyclical | |
| Amazon.com, Inc | 0.31 | 0.32 | 0.37 | 54 | Consumer Cyclical | |
| NVIDIA Corporation | 0.34 | 0.30 | — | 70 | Technology | |
| Alphabet Inc. Class A | 0.34 | 0.30 | 0.38 | 96 | Communication Services |
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Build a portfolio that complements DJIA
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