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), 2 of which are negatively correlated. The least correlated is Alerian MLP ETF (AMLP) (MLPs) with a 1Y correlation of -0.00, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian MLP ETF | -0.00 | 0.25 | 0.34 | 56 | MLPs | DX vs AMLP | |
| Global X MLP & Energy Infrastructure ETF | -0.00 | 0.24 | 0.35 | 75 | MLPs | DX vs MLPX | |
| YieldMax AMD Option Income Strategy ETF | 0.20 | — | — | 89 | Derivative Income, Options Trading | DX vs AMDY | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 0.24 | — | — | 59 | Derivative Income, Options Trading | DX vs QDTE | |
| Global X NASDAQ 100 Covered Call ETF | 0.27 | 0.31 | 0.38 | 85 | 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 Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.14, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.14 | 0.07 | 0.16 | 70 | Energy | |
| Valero Energy Corporation | -0.12 | 0.06 | 0.15 | 97 | Energy | |
| Energy Transfer LP | -0.12 | 0.18 | 0.28 | 83 | Energy | |
| Devon Energy Corporation | -0.11 | 0.08 | 0.19 | 76 | Energy | |
| Kimbell Royalty Partners, LP | -0.09 | 0.13 | 0.20 | 63 | Energy |
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