Looking to diversify beyond DON? The ETFs below have the lowest correlation with DON — 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 DON.
Best Diversifiers for DON
394 ETFs have low correlation with DON (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.26, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.26 | -0.29 | -0.32 | 53 | Cryptocurrency | DON vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | -0.29 | -0.29 | 65 | Inverse Equities, Leveraged Equities | DON vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | -0.30 | -0.30 | 60 | Inverse Equities | DON vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 70 | Derivative Income | DON vs WNTR | |
| Invesco DB Energy Fund | -0.20 | -0.02 | 0.16 | 57 | Oil & Gas | DON vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DON and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.00, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.00 | 0.19 | 0.31 | 78 | Consumer Defensive | |
| The Coca-Cola Company | 0.07 | 0.21 | 0.33 | 82 | Consumer Defensive | |
| Chevron Corporation | 0.10 | 0.31 | 0.43 | 73 | Energy | |
| Enbridge Inc. | 0.14 | 0.38 | 0.51 | 88 | Energy | |
| Johnson & Johnson | 0.14 | 0.22 | 0.26 | 97 | Healthcare |
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