Looking to diversify beyond DXD? The ETFs below have historically moved differently from DXD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DXD
2224 ETFs have low correlation with DXD (below 0.3), 2140 of which are negatively correlated. The least correlated is ProShares UltraPro Dow30 (UDOW) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro Dow30 | -1.00 | -1.00 | -1.00 | 56 | Leveraged Equities | DXD vs UDOW | |
| ProShares Ultra Dow30 | -1.00 | -1.00 | -1.00 | 58 | Leveraged Equities | DXD vs DDM | |
| State Street SPDR Dow Jones Industrial Average ETF... | -1.00 | -1.00 | -1.00 | 70 | Large Cap Blend Equities | DXD vs DIA | |
| Global X Dow 30 Covered Call & Growth ETF | -0.97 | -0.98 | — | 79 | Derivative Income | DXD vs DYLG | |
| Brookstone Opportunities ETF | -0.90 | — | — | 74 | Diversified Portfolio | DXD vs BAMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DXD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of -0.13, up from -0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dow Inc. | -0.13 | -0.36 | -0.47 | 69 | Basic Materials |
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