Looking to diversify beyond DECW? The ETFs below have the lowest correlation with DECW — 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 DECW.
Best Diversifiers for DECW
383 ETFs have low correlation with DECW (below 0.3), 79 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.08 | — | 71 | Oil & Gas | DECW vs DBE | |
| United States Oil Fund LP | -0.30 | -0.07 | -0.00 | 66 | Oil & Gas | DECW vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.07 | — | 65 | Oil & Gas | DECW vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | -0.07 | -0.07 | 56 | Derivative Income | DECW vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | -0.04 | 0.03 | 56 | Oil & Gas | DECW vs OILK |
See all 2186 diversifiers for DECW
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