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
334 ETFs have low correlation with DRIV (below 0.3), 36 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.18 | -0.01 | 0.10 | 55 | Oil & Gas | DRIV vs UGA | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | — | — | 95 | Inflation-Protected Bonds | DRIV vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | DRIV vs RBIL | |
| ProShares UltraShort Yen | -0.15 | -0.09 | -0.07 | 63 | Leveraged Currency | DRIV vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | DRIV vs USFR |
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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 0.30, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Community Bank System, Inc. | 0.30 | 0.39 | 0.43 | 64 | Financial Services | |
| Apple Inc | 0.36 | 0.40 | 0.50 | 87 | Technology | |
| Amazon.com, Inc | 0.44 | 0.48 | 0.57 | 54 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.54 | 0.55 | 0.60 | 93 | Technology | |
| Advanced Micro Devices, Inc. | 0.59 | 0.60 | 0.66 | 97 | Technology |
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