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
361 ETFs have low correlation with DDWM (below 0.3), 74 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.05 | 0.11 | 71 | Oil & Gas | DDWM vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.04 | 0.10 | 65 | Oil & Gas | DDWM vs BNO | |
| United States Oil Fund LP | -0.33 | -0.04 | 0.11 | 66 | Oil & Gas | DDWM vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.31 | -0.08 | -0.08 | 56 | Derivative Income | DDWM vs USOY | |
| ProShares UltraShort Yen | -0.31 | -0.14 | -0.08 | 63 | Leveraged Currency | DDWM vs YCS |
See all 2190 diversifiers for DDWM
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