Looking to diversify beyond DXD? The ETFs below have the lowest correlation with DXD — 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 DXD.
Best Diversifiers for DXD
2073 ETFs have low correlation with DXD (below 0.3), 2031 of which are negatively correlated. The least correlated is State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) (Large Cap Blend Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Dow Jones Industrial Average ETF... | -1.00 | -1.00 | -1.00 | 59 | Large Cap Blend Equities | DXD vs DIA | |
| ProShares Ultra Dow30 | -1.00 | -1.00 | -1.00 | 50 | Leveraged Equities | DXD vs DDM | |
| Global X Dow 30 Covered Call & Growth ETF | -0.98 | — | — | 61 | Derivative Income | DXD vs DYLG | |
| First Trust Dow 30 Equal Weight ETF | -0.94 | -0.94 | -0.96 | 54 | Large Cap Blend Equities, Equal Weight | DXD vs EDOW | |
| Brookstone Opportunities ETF | -0.91 | — | — | 66 | Diversified Portfolio | DXD vs BAMO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DXD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DXD and solid risk/return profiles. The least correlated is Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of -0.20, up from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dow Inc. | -0.20 | -0.38 | -0.49 | 53 | Basic Materials |
Build a portfolio that complements DXD
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