Looking to diversify beyond DDWM? The ETFs below have historically moved differently from DDWM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DDWM
336 ETFs have low correlation with DDWM (below 0.3), 92 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.10 | 0.08 | 72 | Oil & Gas | DDWM vs DBE | |
| ProShares Short Bitcoin ETF | -0.37 | -0.27 | — | 61 | Cryptocurrency | DDWM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DDWM vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.29 | -0.29 | 61 | Inverse Equities, Leveraged Equities | DDWM vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | -0.29 | -0.29 | 52 | Inverse Equities | DDWM vs SMST |
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