Looking to diversify beyond DVIN? The ETFs below have the lowest correlation with DVIN — 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 DVIN.
Best Diversifiers for DVIN
0 ETFs have low correlation with DVIN (below 0.3), 0 of which are negatively correlated. The least correlated is KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) (Industrials Equities) with a 1Y correlation of 0.37, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KraneShares Electric Vehicles and Future Mobility ... | 0.37 | 0.37 | 0.37 | 82 | Industrials Equities | DVIN vs KARS | |
| AdvisorShares HVAC and Industrials ETF | 0.81 | 0.81 | 0.81 | 68 | Industrials Equities | DVIN vs HVAC | |
| First Trust Alerian U.S. NextGen Infrastructure ET... | 0.89 | 0.89 | 0.89 | 68 | Industrials Equities | DVIN vs RBLD |
Diversification Analysis
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