Looking to diversify beyond DCMB? The ETFs below have the lowest correlation with DCMB — 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 DCMB.
Best Diversifiers for DCMB
1842 ETFs have low correlation with DCMB (below 0.3), 98 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.25, roughly unchanged from -0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.25 | -0.26 | — | 51 | Currency | DCMB vs UUP | |
| United States Gasoline Fund LP | -0.23 | -0.16 | — | 78 | Oil & Gas | DCMB vs UGA | |
| Invesco DB Energy Fund | -0.22 | -0.14 | — | 53 | Oil & Gas | DCMB vs DBE | |
| ProShares UltraShort Yen | -0.19 | -0.31 | — | 72 | Leveraged Currency | DCMB vs YCS | |
| State Street Energy Select Sector SPDR ETF | -0.19 | -0.10 | -0.10 | 50 | Energy Equities | DCMB vs XLE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DCMB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DCMB and solid risk/return profiles. The least correlated is Simon Property Group, Inc. (SPG) (Real Estate) with a 1Y correlation of 0.19, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Simon Property Group, Inc. | 0.19 | 0.11 | — | 92 | Real Estate |
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