Looking to diversify beyond DEW? The ETFs below have the lowest correlation with DEW — 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 DEW.
Best Diversifiers for DEW
503 ETFs have low correlation with DEW (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.23 | -0.17 | 75 | Leveraged Currency | DEW vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | -0.23 | -0.23 | 60 | Inverse Equities, Leveraged Equities | DEW vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.22 | -0.24 | -0.24 | 53 | Inverse Equities | DEW vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.20 | -0.25 | -0.25 | 65 | Derivative Income | DEW vs WNTR | |
| Direxion Daily MU Bull 2X Shares | -0.13 | -0.13 | -0.13 | 99 | Leveraged Equities, Semiconductors | DEW vs MUU |
See all 2060 diversifiers for DEW
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