Looking to diversify beyond DSPY? The ETFs below have the lowest correlation with DSPY — 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 DSPY.
Best Diversifiers for DSPY
318 ETFs have low correlation with DSPY (below 0.3), 59 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 -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.45 | -0.45 | 57 | Cryptocurrency | DSPY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.45 | -0.45 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DSPY vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.45 | — | — | 60 | Inverse Equities | DSPY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 68 | Inverse Equities, Leveraged Equities | DSPY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | DSPY vs WNTR |
See all 2047 diversifiers for DSPY
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