Looking to diversify beyond CDEI? The ETFs below have historically moved differently from CDEI, 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 CDEI
380 ETFs have low correlation with CDEI (below 0.3), 89 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.45, roughly unchanged from -0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.45 | -0.46 | -0.46 | 69 | Derivative Income | CDEI vs WNTR | |
| ProShares Short Bitcoin ETF | -0.43 | -0.34 | — | 51 | Cryptocurrency | CDEI vs BITI | |
| Invesco DB Energy Fund | -0.36 | -0.14 | — | 66 | Oil & Gas | CDEI vs DBE | |
| Invesco DB Oil Fund | -0.34 | -0.12 | — | 51 | Oil & Gas | CDEI vs DBO | |
| United States Gasoline Fund, LP | -0.29 | -0.10 | — | 83 | Oil & Gas | CDEI vs UGA |
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