Looking to diversify beyond DEW? The ETFs below have historically moved differently from DEW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DEW
505 ETFs have low correlation with DEW (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.32, down from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.23 | -0.17 | 56 | Leveraged Currency | DEW vs YCS | |
| ProShares Short Bitcoin ETF | -0.28 | -0.26 | — | 61 | Cryptocurrency | DEW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DEW vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.23 | -0.06 | — | 56 | Options Trading | DEW vs CAOS | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 52 | Inverse Equities | DEW vs SMST |
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