Looking to diversify beyond DMAX? The ETFs below have the lowest correlation with DMAX — 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 DMAX.
Best Diversifiers for DMAX
407 ETFs have low correlation with DMAX (below 0.3), 72 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DMAX vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 68 | Inverse Equities, Leveraged Equities | DMAX vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.42 | -0.40 | -0.40 | 57 | Cryptocurrency | DMAX vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 60 | Inverse Equities | DMAX vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 70 | Derivative Income | DMAX vs WNTR |
See all 2050 diversifiers for DMAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DMAX
Add DMAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DMAX