Looking to diversify beyond DTD? The ETFs below have historically moved differently from DTD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DTD
331 ETFs have low correlation with DTD (below 0.3), 41 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | — | — | 63 | Derivative Income | DTD vs WNTR | |
| Invesco DB Energy Fund | -0.22 | -0.03 | 0.14 | 53 | Oil & Gas | DTD vs DBE | |
| ProShares UltraShort Yen | -0.22 | -0.11 | -0.07 | 59 | Leveraged Currency | DTD vs YCS | |
| United States Gasoline Fund, LP | -0.20 | -0.02 | 0.13 | 74 | Oil & Gas | DTD vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.14 | 0.04 | 0.19 | 50 | Commodities | DTD vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DTD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Phillips 66 (PSX) (Energy) with a 1Y correlation of 0.09, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Phillips 66 | 0.09 | 0.35 | 0.41 | 93 | Energy | |
| Chevron Corporation | 0.09 | 0.30 | 0.41 | 76 | Energy | |
| ConocoPhillips Company | 0.09 | 0.27 | 0.38 | 71 | Energy | |
| Exxon Mobil Corporation | 0.09 | 0.28 | 0.40 | 85 | Energy | |
| The Coca-Cola Company | 0.16 | 0.30 | 0.43 | 86 | Consumer Defensive |
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