Looking to balance out your exposure to DXYN? The ETFs below have the lowest correlation with DXYN — they tend to move on their own, which can help reduce risk when DXYN drops. The stock ideas table highlights individual companies that behave independently from DXYN.
Best Diversifiers for DXYN
1 ETFs have low correlation with DXYN (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.05, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.05 | 0.04 | 0.12 | 73 | Nasdaq-100 | DXYN vs QQQ |
Diversification Analysis
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