Looking to diversify beyond DEEF? The ETFs below have historically moved differently from DEEF, 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 DEEF
269 ETFs have low correlation with DEEF (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.33 | -0.29 | 59 | Leveraged Currency | DEEF vs YCS | |
| ProShares Short Bitcoin ETF | -0.35 | -0.27 | — | 51 | Cryptocurrency | DEEF vs BITI | |
| Invesco DB Energy Fund | -0.33 | -0.12 | 0.07 | 66 | Oil & Gas | DEEF vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | -0.29 | -0.29 | 69 | Derivative Income | DEEF vs WNTR | |
| Invesco DB Oil Fund | -0.29 | -0.09 | 0.08 | 51 | Oil & Gas | DEEF vs DBO |
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