Looking to balance out your exposure to DX? The ETFs below have the lowest correlation with DX — they tend to move on their own, which can help reduce risk when DX drops. The stock ideas table highlights individual companies that behave independently from DX.
Best Diversifiers for DX
6 ETFs have low correlation with DX (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of 0.06, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | 0.06 | 0.15 | 0.15 | 52 | Derivative Income, Options Trading | DX vs NVDY | |
| YieldMax AMD Option Income Strategy ETF | 0.17 | 0.21 | 0.21 | 93 | Options Trading, Dividend | DX vs AMDY | |
| UBS ETRACS Silver Shares Covered Call ETN | 0.23 | 0.20 | 0.20 | 66 | Silver, Derivative Income, Precious Metals | DX vs SLVO | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 0.26 | 0.31 | 0.31 | 78 | Derivative Income, Options Trading | DX vs QDTE | |
| Global X NASDAQ 100 Covered Call ETF | 0.26 | 0.31 | 0.38 | 88 | Nasdaq-100, Derivative Income | DX vs QYLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DX and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.05, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.05 | 0.20 | 0.29 | 69 | Energy | |
| Kinder Morgan, Inc. | -0.03 | 0.20 | 0.30 | 60 | Energy | |
| Kimbell Royalty Partners, LP | -0.02 | 0.15 | 0.21 | 70 | Energy | |
| Valero Energy Corporation | -0.01 | 0.11 | 0.17 | 93 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.02 | 0.15 | 0.16 | 86 | Energy |
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