Looking to diversify beyond DEEP? The ETFs below have the lowest correlation with DEEP — 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 DEEP.
Best Diversifiers for DEEP
419 ETFs have low correlation with DEEP (below 0.3), 65 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.20, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.20 | 0.03 | 0.15 | 71 | Oil & Gas | DEEP vs DBE | |
| United States Oil Fund LP | -0.19 | 0.04 | 0.14 | 66 | Oil & Gas | DEEP vs USO | |
| United States Brent Oil Fund LP | -0.19 | 0.05 | 0.14 | 65 | Oil & Gas | DEEP vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.19 | — | — | 56 | Derivative Income | DEEP vs USOY | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | -0.13 | -0.13 | 98 | Inflation-Protected Bonds | DEEP vs RBIL |
See all 2114 diversifiers for DEEP
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Diversification Analysis
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