Looking to diversify beyond DLS? The ETFs below have the lowest correlation with DLS — 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 DLS.
Best Diversifiers for DLS
251 ETFs have low correlation with DLS (below 0.3), 57 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.63, roughly unchanged from -0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.63 | -0.58 | -0.61 | 51 | Currency | DLS vs UUP | |
| ProShares UltraShort Yen | -0.47 | -0.36 | -0.30 | 72 | Leveraged Currency | DLS vs YCS | |
| ProShares Short Bitcoin ETF | -0.39 | -0.29 | -0.32 | 57 | Cryptocurrency | DLS vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DLS vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 68 | Inverse Equities, Leveraged Equities | DLS vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DLS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DLS and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | 0.09 | 0.19 | 81 | Consumer Defensive | |
| Chevron Corporation | -0.05 | 0.09 | 0.22 | 70 | Energy | |
| The Coca-Cola Company | -0.02 | 0.12 | 0.25 | 83 | Consumer Defensive | |
| Verizon Communications Inc. | 0.03 | 0.16 | 0.21 | 57 | Communication Services | |
| PepsiCo, Inc. | 0.05 | 0.12 | 0.21 | 53 | Consumer Defensive |
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