Looking to diversify beyond DDWM? The ETFs below have the lowest correlation with DDWM — 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 DDWM.
Best Diversifiers for DDWM
315 ETFs have low correlation with DDWM (below 0.3), 65 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | -0.38 | -0.41 | 51 | Currency | DDWM vs UUP | |
| ProShares Short Bitcoin ETF | -0.35 | -0.27 | -0.30 | 57 | Cryptocurrency | DDWM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.30 | -0.30 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DDWM vs SBIT | |
| Invesco DB Energy Fund | -0.34 | -0.08 | 0.10 | 53 | Oil & Gas | DDWM vs DBE | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | DDWM vs MSTZ |
See all 2047 diversifiers for DDWM
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