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
293 ETFs have low correlation with DLS (below 0.3), 63 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, down from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.35 | -0.30 | 63 | Leveraged Currency | DLS vs YCS | |
| Invesco DB Energy Fund | -0.34 | -0.07 | 0.10 | 71 | Oil & Gas | DLS vs DBE | |
| United States Oil Fund LP | -0.33 | -0.05 | 0.10 | 66 | Oil & Gas | DLS vs USO | |
| United States Brent Oil Fund LP | -0.33 | -0.05 | 0.10 | 65 | Oil & Gas | DLS vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | DLS vs USOY |
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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 U.S. Bancorp (USB) (Financial Services) with a 1Y correlation of 0.40, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| U.S. Bancorp | 0.40 | 0.44 | 0.51 | 75 | Financial Services |
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