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
1213 ETFs have low correlation with DEF (below 0.3), 151 of which are negatively correlated. The least correlated is Westwood Salient Enhanced Energy Income ETF (WEEI) (Energy Equities) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Westwood Salient Enhanced Energy Income ETF | -0.33 | -0.33 | -0.33 | 62 | Energy Equities | DEF vs WEEI | |
| Barclays ETN+ Select MLP ETN | -0.30 | -0.30 | -0.30 | 65 | MLPs | DEF vs ATMP | |
| ProShares Ultra Oil & Gas | -0.30 | -0.30 | -0.30 | 53 | Leveraged Equities | DEF vs DIG | |
| Direxion Daily Energy Bull 2X Shares | -0.30 | -0.30 | -0.30 | 54 | Leveraged Equities | DEF vs ERX | |
| Fidelity MSCI Energy Index ETF | -0.30 | -0.30 | -0.30 | 60 | Energy Equities | DEF vs FENY |
See all 1988 diversifiers for DEF
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