Looking to diversify beyond DDX? The ETFs below have historically moved differently from DDX, 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 DDX
215 ETFs have low correlation with DDX (below 0.3), 88 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from -0.20 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.20 | — | 72 | Oil & Gas | DDX vs DBE | |
| ProShares UltraShort Yen | -0.41 | -0.41 | — | 56 | Leveraged Currency | DDX vs YCS | |
| United States Oil Fund LP | -0.39 | -0.19 | — | 55 | Oil & Gas | DDX vs USO | |
| ProShares Short Bitcoin ETF | -0.39 | -0.24 | — | 61 | Cryptocurrency | DDX vs BITI | |
| United States Brent Oil Fund LP | -0.39 | -0.18 | — | 52 | Oil & Gas | DDX vs BNO |
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