Looking to diversify beyond DEF? The ETFs below have the lowest correlation with DEF — 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 DEF.
Best Diversifiers for DEF
395 ETFs have low correlation with DEF (below 0.3), 51 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.08 | 0.06 | 71 | Oil & Gas | DEF vs DBE | |
| United States 12 Month Oil Fund LP | -0.27 | -0.07 | 0.06 | 56 | Oil & Gas | DEF vs USL | |
| United States Gasoline Fund LP | -0.27 | -0.07 | 0.04 | 70 | Oil & Gas | DEF vs UGA | |
| United States Oil Fund LP | -0.27 | -0.09 | 0.04 | 66 | Oil & Gas | DEF vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | -0.06 | 0.06 | 55 | Oil & Gas | DEF vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DEF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DEF and solid risk/return profiles. The least correlated is Northrop Grumman Corporation (NOC) (Industrials) with a 1Y correlation of 0.21, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Northrop Grumman Corporation | 0.21 | 0.23 | 0.32 | 54 | Industrials |
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