Looking to diversify beyond CEFD? The ETFs below have the lowest correlation with CEFD — 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 CEFD.
Best Diversifiers for CEFD
362 ETFs have low correlation with CEFD (below 0.3), 85 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.07 | 0.08 | 71 | Oil & Gas | CEFD vs DBE | |
| United States Oil Fund LP | -0.29 | -0.06 | 0.07 | 66 | Oil & Gas | CEFD vs USO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.29 | — | — | 98 | Inflation-Protected Bonds | CEFD vs RBIL | |
| United States Brent Oil Fund LP | -0.28 | -0.06 | 0.07 | 65 | Oil & Gas | CEFD vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | -0.04 | 0.09 | 55 | Oil & Gas | CEFD vs OILK |
See all 2179 diversifiers for CEFD
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