Looking to diversify beyond DRIV? The ETFs below have the lowest correlation with DRIV — 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 DRIV.
Best Diversifiers for DRIV
449 ETFs have low correlation with DRIV (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.37 | -0.41 | 52 | Cryptocurrency | DRIV vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 63 | Inverse Equities | DRIV vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 70 | Inverse Equities, Leveraged Equities | DRIV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 73 | Derivative Income | DRIV vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.26 | — | — | 56 | Multistrategy | DRIV vs RSBY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DRIV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DRIV and solid risk/return profiles. The least correlated is Community Bank System, Inc. (CBU) (Financial Services) with a 1Y correlation of 0.26, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Community Bank System, Inc. | 0.26 | 0.38 | 0.42 | 76 | Financial Services | |
| Apple Inc | 0.37 | 0.44 | 0.56 | 93 | Technology | |
| Amazon.com, Inc | 0.41 | 0.47 | 0.57 | 56 | Consumer Cyclical | |
| Tesla, Inc. | 0.57 | 0.58 | 0.62 | 59 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.62 | 0.60 | 0.65 | 89 | Technology |
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