Looking to diversify beyond DBP? The ETFs below have the lowest correlation with DBP — 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 DBP.
Best Diversifiers for DBP
1251 ETFs have low correlation with DBP (below 0.3), 36 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.44 | -0.43 | -0.46 | 51 | Currency | DBP vs UUP | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | -0.19 | -0.19 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DBP vs SBIT | |
| ProShares Short Bitcoin ETF | -0.28 | -0.16 | -0.18 | 57 | Cryptocurrency | DBP vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | -0.18 | -0.18 | 68 | Inverse Equities, Leveraged Equities | DBP vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.24 | -0.20 | -0.20 | 60 | Inverse Equities | DBP vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DBP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DBP and solid risk/return profiles. The least correlated is The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of 0.26, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | 0.26 | 0.15 | 0.11 | 87 | Financial Services | |
| Sprott Physical Gold Trust | 0.96 | 0.95 | 0.95 | 61 | Financial Services |
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