Looking to diversify beyond DECZ? The ETFs below have the lowest correlation with DECZ — 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 DECZ.
Best Diversifiers for DECZ
326 ETFs have low correlation with DECZ (below 0.3), 78 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.06 | 0.09 | 71 | Oil & Gas | DECZ vs DBE | |
| United States Oil Fund LP | -0.29 | -0.06 | 0.08 | 66 | Oil & Gas | DECZ vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.05 | 0.08 | 65 | Oil & Gas | DECZ vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | -0.08 | -0.08 | 56 | Derivative Income | DECZ vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | -0.02 | 0.10 | 55 | Oil & Gas | DECZ vs OILK |
See all 1900 diversifiers for DECZ
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