Looking to diversify beyond DEM? The ETFs below have the lowest correlation with DEM — 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 DEM.
Best Diversifiers for DEM
330 ETFs have low correlation with DEM (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.23 | -0.20 | 63 | Leveraged Currency | DEM vs YCS | |
| United States Oil Fund LP | -0.31 | 0.03 | 0.17 | 66 | Oil & Gas | DEM vs USO | |
| United States Brent Oil Fund LP | -0.30 | 0.04 | 0.17 | 65 | Oil & Gas | DEM vs BNO | |
| Invesco DB Energy Fund | -0.29 | 0.04 | 0.18 | 71 | Oil & Gas | DEM vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 56 | Derivative Income | DEM vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DEM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DEM and solid risk/return profiles. The least correlated is Brookfield Renewable Partners L.P. (BEP) (Utilities) with a 1Y correlation of 0.30, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Renewable Partners L.P. | 0.31 | 0.37 | 0.35 | 87 | Utilities |
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