Looking to balance out your exposure to DSCSY? The ETFs below have the lowest correlation with DSCSY — they tend to move on their own, which can help reduce risk when DSCSY drops. The stock ideas table highlights individual companies that behave independently from DSCSY.
Best Diversifiers for DSCSY
0 ETFs have low correlation with DSCSY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.48, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.48 | 0.45 | 0.43 | 74 | S&P 500 | DSCSY vs VOO | |
| ProShares UltraPro QQQ | 0.49 | 0.47 | 0.46 | 71 | Leveraged Equities | DSCSY vs TQQQ |
Diversification Analysis
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