Looking to diversify beyond DBAW? The ETFs below have historically moved differently from DBAW, 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 DBAW
424 ETFs have low correlation with DBAW (below 0.3), 87 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.33 | — | 51 | Cryptocurrency | DBAW vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | -0.38 | -0.38 | 69 | Derivative Income | DBAW vs WNTR | |
| Invesco DB Energy Fund | -0.30 | -0.05 | 0.10 | 66 | Oil & Gas | DBAW vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.25 | — | — | 98 | Inflation-Protected Bonds | DBAW vs IBIC | |
| Invesco DB Oil Fund | -0.25 | -0.02 | 0.10 | 51 | Oil & Gas | DBAW vs DBO |
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