Looking to diversify beyond DFNM? The ETFs below have historically moved differently from DFNM, 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 DFNM
1481 ETFs have low correlation with DFNM (below 0.3), 97 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.18 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.34 | -0.18 | — | 58 | Oil & Gas | DFNM vs DBO | |
| Invesco DB Energy Fund | -0.33 | -0.17 | — | 72 | Oil & Gas | DFNM vs DBE | |
| MicroSectors Energy 3X Leveraged ETN | -0.33 | -0.13 | — | 55 | Leveraged Equities | DFNM vs WTIU | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.31 | -0.21 | -0.21 | 75 | Leveraged Equities | DFNM vs NRGU | |
| United States Gasoline Fund LP | -0.30 | -0.14 | — | 87 | Oil & Gas | DFNM vs UGA |
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