Looking to diversify beyond DFNM? The ETFs below have the lowest correlation with DFNM — 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 DFNM.
Best Diversifiers for DFNM
1335 ETFs have low correlation with DFNM (below 0.3), 83 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.15 | — | 53 | Oil & Gas | DFNM vs DBE | |
| ProShares UltraShort Yen | -0.28 | -0.31 | — | 72 | Leveraged Currency | DFNM vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.28 | -0.26 | -0.27 | 51 | Currency | DFNM vs UUP | |
| United States Gasoline Fund LP | -0.28 | -0.13 | — | 78 | Oil & Gas | DFNM vs UGA | |
| Bastion Energy ETF | -0.27 | — | — | 86 | Energy Equities | DFNM vs BESF |
See all 1586 diversifiers for DFNM
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