Looking to diversify beyond DEED? The ETFs below have historically moved differently from DEED, 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 DEED
1782 ETFs have low correlation with DEED (below 0.3), 118 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, roughly unchanged from -0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.44 | -0.46 | 59 | Leveraged Currency | DEED vs YCS | |
| Invesco DB Energy Fund | -0.38 | -0.21 | -0.12 | 66 | Oil & Gas | DEED vs DBE | |
| Invesco DB Oil Fund | -0.36 | -0.19 | -0.11 | 51 | Oil & Gas | DEED vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.36 | -0.16 | -0.08 | 61 | Commodities | DEED vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.35 | -0.15 | -0.07 | 68 | Commodities | DEED vs DBC |
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