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
1702 ETFs have low correlation with DBP (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, up from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.25 | -0.35 | 61 | Leveraged Currency | DBP vs YCS | |
| TCW AAA CLO ETF | -0.10 | -0.12 | -0.12 | 99 | CLO | DBP vs ACLO | |
| PIMCO Enhanced Short Maturity Active ETF | -0.09 | -0.03 | 0.10 | 100 | Ultrashort Bond | DBP vs MINT | |
| Roundhill Weekly T-Bill ETF | -0.09 | — | — | 99 | Ultrashort Bond | DBP vs WEEK | |
| Pacific Global Senior Loan ETF | -0.07 | 0.01 | 0.08 | 85 | High Yield Bonds | DBP vs FLRT |
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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 Sprott Physical Silver Trust (PSLV) (Financial Services) with a 1Y correlation of 0.87, roughly unchanged from 0.87 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Silver Trust | 0.87 | 0.86 | 0.87 | 79 | Financial Services | |
| Sprott Physical Gold Trust | 0.95 | 0.95 | 0.95 | 70 | Financial Services |
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