Looking to diversify beyond DBEF? The ETFs below have historically moved differently from DBEF, 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 DBEF
388 ETFs have low correlation with DBEF (below 0.3), 96 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.29 | -0.30 | 61 | Cryptocurrency | DBEF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DBEF vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | — | — | 52 | Inverse Equities | DBEF vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | DBEF vs MSTZ | |
| Alpha Architect Tail Risk ETF | -0.35 | -0.09 | — | 56 | Options Trading | DBEF vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DBEF, 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 Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.11, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.11 | 0.20 | 0.30 | 89 | Energy | |
| Verizon Communications Inc. | -0.06 | 0.08 | 0.17 | 66 | Communication Services | |
| Berkshire Hathaway Inc. | 0.09 | 0.32 | 0.46 | 61 | Financial Services | |
| Visa Inc. | 0.15 | 0.33 | 0.47 | 53 | Financial Services | |
| NextEra Energy, Inc. | 0.17 | 0.21 | 0.30 | 77 | Utilities |
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