Looking to diversify beyond DLS? The ETFs below have historically moved differently from DLS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DLS
245 ETFs have low correlation with DLS (below 0.3), 61 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, down from -0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.35 | -0.30 | 56 | Leveraged Currency | DLS vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | -0.37 | -0.37 | 58 | Derivative Income | DLS vs WNTR | |
| Invesco DB Energy Fund | -0.32 | -0.09 | 0.07 | 54 | Oil & Gas | DLS vs DBE | |
| United States Gasoline Fund, LP | -0.28 | -0.09 | 0.06 | 72 | Oil & Gas | DLS vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | -0.18 | -0.18 | 97 | Inflation-Protected Bonds | DLS vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DLS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.08 | 0.17 | 63 | Consumer Defensive | |
| Chevron Corporation | -0.14 | 0.08 | 0.22 | 72 | Energy | |
| The Coca-Cola Company | -0.04 | 0.12 | 0.24 | 86 | Consumer Defensive | |
| Verizon Communications Inc. | 0.01 | 0.15 | 0.20 | 63 | Communication Services | |
| Johnson & Johnson | 0.04 | 0.16 | 0.20 | 96 | Healthcare |
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