Looking to diversify beyond DDEC? The ETFs below have the lowest correlation with DDEC — 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 DDEC.
Best Diversifiers for DDEC
382 ETFs have low correlation with DDEC (below 0.3), 75 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | -0.07 | 0.02 | 66 | Oil & Gas | DDEC vs USO | |
| Invesco DB Energy Fund | -0.32 | -0.08 | 0.03 | 71 | Oil & Gas | DDEC vs DBE | |
| United States Brent Oil Fund LP | -0.30 | -0.07 | 0.02 | 65 | Oil & Gas | DDEC vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 56 | Derivative Income | DDEC vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.05 | 0.04 | 56 | Oil & Gas | DDEC vs OILK |
See all 2186 diversifiers for DDEC
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