Looking to diversify beyond DBE? The ETFs below have the lowest correlation with DBE — 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 DBE.
Best Diversifiers for DBE
1916 ETFs have low correlation with DBE (below 0.3), 1859 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.49 | — | — | 53 | Global Bonds | DBE vs AVGB | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.45 | -0.16 | — | 65 | Emerging Markets Bonds | DBE vs BEMB | |
| Astoria Dynamic Core US Fixed Income ETF | -0.44 | — | — | 67 | Multisector Bonds | DBE vs AGGA | |
| iShares Flexible Income Active ETF | -0.44 | -0.17 | — | 68 | Multisector Bonds | DBE vs BINC | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | -0.44 | -0.15 | -0.05 | 60 | Emerging Markets Bonds | DBE vs EMB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DBE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DBE and solid risk/return profiles. The least correlated is Bristol-Myers Squibb Company (BMY) (Healthcare) with a 1Y correlation of -0.19, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bristol-Myers Squibb Company | -0.19 | -0.12 | -0.03 | 70 | Healthcare | |
| Sandisk Corporation | -0.07 | -0.00 | -0.00 | 100 | Technology | |
| Applied Optoelectronics, Inc. | -0.02 | 0.04 | 0.06 | 95 | Technology | |
| Kinder Morgan, Inc. | 0.20 | 0.23 | 0.38 | 72 | Energy | |
| Phillips 66 | 0.47 | 0.41 | 0.48 | 81 | Energy |
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