Looking to diversify beyond DVDN? The ETFs below have the lowest correlation with DVDN — 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 DVDN.
Best Diversifiers for DVDN
503 ETFs have low correlation with DVDN (below 0.3), 61 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.38, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.38 | -0.38 | -0.38 | 98 | Leveraged Equities, Semiconductors | DVDN vs MUU | |
| ProShares UltraShort Yen | -0.31 | — | — | 73 | Leveraged Currency | DVDN vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | — | — | 63 | Inverse Equities | DVDN vs SMST | |
| Invesco DB Energy Fund | -0.26 | — | — | 57 | Oil & Gas | DVDN vs DBE | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | -0.26 | -0.26 | 70 | Inverse Equities, Leveraged Equities | DVDN vs MSTZ |
See all 2063 diversifiers for DVDN
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