Looking to diversify beyond DSTL? The ETFs below have the lowest correlation with DSTL — 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 DSTL.
Best Diversifiers for DSTL
487 ETFs have low correlation with DSTL (below 0.3), 46 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.49, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.49 | -0.49 | -0.49 | 99 | Leveraged Equities, Semiconductors | DSTL vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 68 | Inverse Equities, Leveraged Equities | DSTL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | — | — | 60 | Inverse Equities | DSTL vs SMST | |
| ProShares Short Bitcoin ETF | -0.26 | -0.27 | -0.31 | 57 | Cryptocurrency | DSTL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.26 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DSTL vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DSTL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DSTL and solid risk/return profiles. The least correlated is PPL Corporation (PPL) (Utilities) with a 1Y correlation of 0.16, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PPL Corporation | 0.16 | 0.29 | 0.39 | 58 | Utilities | |
| Berkshire Hathaway Inc. | 0.31 | 0.49 | 0.62 | 53 | Financial Services |
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