Looking to diversify beyond DAUG? The ETFs below have the lowest correlation with DAUG — 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 DAUG.
Best Diversifiers for DAUG
383 ETFs have low correlation with DAUG (below 0.3), 80 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.31 | -0.08 | 0.06 | 66 | Oil & Gas | DAUG vs USO | |
| Invesco DB Energy Fund | -0.29 | -0.07 | 0.07 | 71 | Oil & Gas | DAUG vs DBE | |
| United States Brent Oil Fund LP | -0.28 | -0.07 | 0.06 | 65 | Oil & Gas | DAUG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | -0.09 | -0.09 | 56 | Derivative Income | DAUG vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | -0.05 | 0.08 | 56 | Oil & Gas | DAUG vs OILK |
See all 2186 diversifiers for DAUG
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