Looking to diversify beyond DES? The ETFs below have the lowest correlation with DES — 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 DES.
Best Diversifiers for DES
442 ETFs have low correlation with DES (below 0.3), 61 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.21 | 0.00 | 0.14 | 71 | Oil & Gas | DES vs DBE | |
| United States Oil Fund LP | -0.20 | 0.02 | 0.14 | 66 | Oil & Gas | DES vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.20 | 0.04 | 0.15 | 56 | Oil & Gas | DES vs OILK | |
| United States Brent Oil Fund LP | -0.20 | 0.02 | 0.13 | 65 | Oil & Gas | DES vs BNO | |
| United States 12 Month Oil Fund LP | -0.19 | 0.04 | 0.16 | 56 | Oil & Gas | DES vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DES, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DES and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of 0.10, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.10 | 0.14 | 0.13 | 71 | Financial Services |
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