Looking to diversify beyond DVYA? The ETFs below have historically moved differently from DVYA, 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 DVYA
384 ETFs have low correlation with DVYA (below 0.3), 59 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.28 | — | 51 | Cryptocurrency | DVYA vs BITI | |
| ProShares UltraShort Yen | -0.35 | -0.27 | -0.26 | 59 | Leveraged Currency | DVYA vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.33 | — | — | 69 | Derivative Income | DVYA vs WNTR | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.27 | -0.15 | -0.10 | 51 | Nontraditional Bonds | DVYA vs RISR | |
| Invesco DB Oil Fund | -0.21 | 0.01 | 0.16 | 51 | Oil & Gas | DVYA vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DVYA, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.02, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.02 | 0.24 | 0.35 | 61 | Financial Services | |
| Fortinet, Inc. | 0.12 | 0.21 | 0.30 | 82 | Technology | |
| White Mountains Insurance Group, Ltd. | 0.14 | 0.13 | 0.17 | 69 | Financial Services | |
| Celestica Inc. | 0.28 | 0.28 | 0.34 | 76 | Technology | |
| Amazon.com, Inc | 0.33 | 0.31 | 0.36 | 72 | Consumer Cyclical |
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