Looking to balance out your exposure to DSGX? The ETFs below have the lowest correlation with DSGX — they tend to move on their own, which can help reduce risk when DSGX drops. The stock ideas table highlights individual companies that behave independently from DSGX.
Best Diversifiers for DSGX
6 ETFs have low correlation with DSGX (below 0.3), 1 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of -0.02, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | -0.02 | 0.30 | 0.41 | 97 | Leveraged Equities, Semiconductors | DSGX vs SOXL | |
| Direxion Daily South Korea Bull 3X Shares | 0.04 | 0.25 | 0.32 | 97 | Leveraged Equities | DSGX vs KORU | |
| STMicroelectronics NV ADRhedged | 0.08 | 0.10 | 0.10 | 84 | Technology Equities | DSGX vs STHH | |
| Invesco QQQ ETF | 0.20 | 0.45 | 0.53 | 74 | Nasdaq-100 | DSGX vs QQQ | |
| Vanguard S&P 500 ETF | 0.25 | 0.48 | 0.52 | 74 | S&P 500 | DSGX vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DSGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DSGX and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.11 | 0.07 | 0.19 | 80 | Consumer Defensive | |
| Walmart Inc. | -0.10 | 0.10 | 0.15 | 66 | Consumer Defensive | |
| Coca-Cola FEMSA, S.A.B. de C.V. | -0.04 | 0.05 | 0.08 | 58 | Consumer Defensive | |
| Casey's General Stores, Inc. | -0.03 | 0.18 | 0.20 | 93 | Consumer Defensive | |
| Franco-Nevada Corporation | -0.02 | 0.10 | 0.14 | 68 | Basic Materials |
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