Looking to diversify beyond DABS? The ETFs below have the lowest correlation with DABS — 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 DABS.
Best Diversifiers for DABS
1766 ETFs have low correlation with DABS (below 0.3), 137 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.36 | -0.36 | 61 | Leveraged Currency | DABS vs YCS | |
| United States Gasoline Fund LP | -0.36 | -0.35 | -0.35 | 69 | Oil & Gas | DABS vs UGA | |
| Invesco DB Oil Fund | -0.32 | — | — | 65 | Oil & Gas | DABS vs DBO | |
| Invesco DB Energy Fund | -0.32 | -0.33 | -0.33 | 71 | Oil & Gas | DABS vs DBE | |
| ProShares Ultra Bloomberg Crude Oil | -0.32 | -0.33 | -0.33 | 54 | Leveraged Commodities | DABS vs UCO |
See all 2111 diversifiers for DABS
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DABS
Add DABS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DABS