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
391 ETFs have low correlation with DBAW (below 0.3), 69 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.32 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.32 | — | 53 | Cryptocurrency | DBAW vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 56 | Inverse Equities | DBAW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 65 | Inverse Equities, Leveraged Equities | DBAW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | DBAW vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.30 | -0.27 | -0.27 | 54 | Multistrategy | DBAW vs RSBY |
See all 2068 diversifiers for DBAW
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