Looking to diversify beyond DVYE? The ETFs below have the lowest correlation with DVYE — 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 DVYE.
Best Diversifiers for DVYE
366 ETFs have low correlation with DVYE (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.26 | -0.27 | 53 | Cryptocurrency | DVYE vs BITI | |
| ProShares UltraShort Yen | -0.32 | -0.23 | -0.18 | 72 | Leveraged Currency | DVYE vs YCS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | — | — | 56 | Inverse Equities | DVYE vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 65 | Inverse Equities, Leveraged Equities | DVYE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 70 | Derivative Income | DVYE vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DVYE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DVYE and solid risk/return profiles. The least correlated is Brookfield Renewable Corporation (BEPC) (Utilities) with a 1Y correlation of 0.25, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Renewable Corporation | 0.25 | 0.27 | 0.27 | 52 | Utilities | |
| BlackRock Capital Allocation Term Trust | 0.44 | 0.36 | 0.40 | 94 | Financial Services |
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