Looking to diversify beyond DOL? The ETFs below have historically moved differently from DOL, 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 DOL
287 ETFs have low correlation with DOL (below 0.3), 83 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, down from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.27 | — | 61 | Cryptocurrency | DOL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DOL vs SBIT | |
| ProShares UltraShort Yen | -0.38 | -0.31 | -0.25 | 56 | Leveraged Currency | DOL vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 52 | Inverse Equities | DOL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 61 | Inverse Equities, Leveraged Equities | DOL vs MSTZ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DOL, 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 Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.08, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.08 | 0.09 | 0.17 | 89 | Consumer Cyclical | |
| McKesson Corporation | -0.04 | 0.03 | 0.16 | 67 | Healthcare | |
| Emera Inc | -0.02 | — | — | 85 | Utilities | |
| Cencora Inc. | -0.01 | 0.06 | 0.20 | 53 | Healthcare | |
| Casey's General Stores, Inc. | 0.14 | 0.27 | 0.30 | 94 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DOL
Add DOL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DOL