Looking to diversify beyond DRN? The ETFs below have the lowest correlation with DRN — 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 DRN.
Best Diversifiers for DRN
1267 ETFs have low correlation with DRN (below 0.3), 89 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.45, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.45 | -0.45 | -0.45 | 99 | Leveraged Equities, Semiconductors | DRN vs MUU | |
| ProShares UltraShort Yen | -0.38 | -0.26 | -0.19 | 72 | Leveraged Currency | DRN vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.31 | -0.29 | -0.30 | 51 | Currency | DRN vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.16 | -0.12 | -0.12 | 68 | Inverse Equities, Leveraged Equities | DRN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.15 | -0.14 | -0.14 | 60 | Inverse Equities | DRN vs SMST |
See all 2047 diversifiers for DRN
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