Looking to diversify beyond DVY? The ETFs below have historically moved differently from DVY, 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 DVY
895 ETFs have low correlation with DVY (below 0.3), 47 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.19 | — | — | 61 | Inverse Equities, Leveraged Equities | DVY vs MSTZ | |
| ProShares UltraShort Yen | -0.18 | -0.14 | -0.08 | 56 | Leveraged Currency | DVY vs YCS | |
| Proshares Ultrashort Bitcoin ETF | -0.18 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DVY vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.18 | — | — | 52 | Inverse Equities | DVY vs SMST | |
| ProShares Short Bitcoin ETF | -0.18 | -0.22 | — | 61 | Cryptocurrency | DVY vs BITI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DVY, 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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.16, down from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.16 | 0.04 | — | 74 | Technology | |
| Broadcom Inc. | -0.12 | 0.06 | 0.21 | 67 | Technology | |
| NVIDIA Corporation | -0.12 | 0.02 | 0.20 | 56 | Technology | |
| Arm Holdings plc American Depositary Shares | -0.05 | 0.13 | 0.13 | 74 | Technology | |
| Micron Technology, Inc. | -0.04 | 0.10 | 0.23 | 99 | Technology |
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