Looking to diversify beyond DBAW? The ETFs below have the lowest correlation with DBAW — 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 DBAW.
Best Diversifiers for DBAW
379 ETFs have low correlation with DBAW (below 0.3), 84 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.02 | 0.12 | 71 | Oil & Gas | DBAW vs DBE | |
| United States Oil Fund LP | -0.33 | -0.02 | 0.11 | 66 | Oil & Gas | DBAW vs USO | |
| United States Brent Oil Fund LP | -0.31 | -0.01 | 0.11 | 65 | Oil & Gas | DBAW vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 56 | Derivative Income | DBAW vs USOY | |
| Invesco DB Oil Fund | -0.28 | 0.01 | 0.12 | 65 | Oil & Gas | DBAW vs DBO |
See all 2115 diversifiers for DBAW
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