Looking to diversify beyond DVYA? The ETFs below have the lowest correlation with DVYA — 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 DVYA.
Best Diversifiers for DVYA
365 ETFs have low correlation with DVYA (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.27 | -0.25 | 61 | Leveraged Currency | DVYA vs YCS | |
| United States Oil Fund LP | -0.27 | 0.02 | 0.16 | 66 | Oil & Gas | DVYA vs USO | |
| Invesco DB Energy Fund | -0.25 | 0.02 | 0.16 | 71 | Oil & Gas | DVYA vs DBE | |
| United States Brent Oil Fund LP | -0.25 | 0.03 | 0.16 | 65 | Oil & Gas | DVYA vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | -0.01 | -0.01 | 56 | Derivative Income | DVYA vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DVYA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DVYA and solid risk/return profiles. The least correlated is The Toronto-Dominion Bank (TD) (Financial Services) with a 1Y correlation of 0.50, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Toronto-Dominion Bank | 0.50 | 0.53 | 0.58 | 97 | Financial Services |
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