Looking to diversify beyond DBE? The ETFs below have historically moved differently from DBE, 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 DBE
2099 ETFs have low correlation with DBE (below 0.3), 2032 of which are negatively correlated. The least correlated is Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) (Emerging Markets Bonds) with a 1Y correlation of -0.47, down from -0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.47 | -0.21 | — | 51 | Emerging Markets Bonds | DBE vs BEMB | |
| Astoria Dynamic Core US Fixed Income ETF | -0.47 | — | — | 51 | Multisector Bonds | DBE vs AGGA | |
| First Trust Low Duration Strategic Focus ETF | -0.46 | -0.21 | -0.08 | 71 | Short-Term Bond | DBE vs LDSF | |
| iShares Flexible Income Active ETF | -0.45 | -0.20 | — | 63 | Multisector Bonds | DBE vs BINC | |
| WisdomTree Yield Enhanced U.S. Short-Term Aggregat... | -0.45 | -0.24 | -0.15 | 59 | Short-Term Bond | DBE vs SHAG |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DBE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Bristol-Myers Squibb Company (BMY) (Healthcare) with a 1Y correlation of -0.17, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bristol-Myers Squibb Company | -0.17 | -0.12 | -0.04 | 89 | Healthcare | |
| Sandisk Corporation | -0.03 | — | — | 100 | Technology | |
| Applied Optoelectronics, Inc. | -0.02 | 0.03 | 0.06 | 96 | Technology | |
| Kinder Morgan, Inc. | 0.24 | 0.22 | 0.37 | 67 | Energy | |
| Phillips 66 | 0.44 | 0.39 | 0.47 | 93 | Energy |
Build a portfolio that complements DBE
Add DBE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DBE