Looking to diversify beyond DRAY? The ETFs below have the lowest correlation with DRAY — 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 DRAY.
Best Diversifiers for DRAY
9 ETFs have low correlation with DRAY (below 0.3), 1 of which are negatively correlated. The least correlated is YieldMax Semiconductor Portfolio Option Income ETF (CHPY) (Derivative Income) with a 1Y correlation of -0.03, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | -0.03 | -0.03 | -0.03 | 96 | Derivative Income, Semiconductors | DRAY vs CHPY | |
| Kurv Yield Premium Strategy Google ETF | 0.08 | — | — | 87 | Derivative Income | DRAY vs GOOP | |
| Simplify Treasury Option Income ETF | 0.09 | 0.09 | 0.09 | 87 | Government Bonds, Ultrashort Bond, Derivative Income | DRAY vs BUCK | |
| YieldMax GOOGL Option Income Strategy ETF | 0.09 | — | — | 92 | Derivative Income | DRAY vs GOOY | |
| Invesco QQQ Income Advantage ETF | 0.10 | — | — | 63 | Derivative Income | DRAY vs QQA |
See all 9 diversifiers for DRAY
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