Looking to diversify beyond DGRW? The ETFs below have the lowest correlation with DGRW — 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 DGRW.
Best Diversifiers for DGRW
358 ETFs have low correlation with DGRW (below 0.3), 56 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.05 | 0.08 | 71 | Oil & Gas | DGRW vs DBE | |
| United States Oil Fund LP | -0.26 | -0.05 | 0.07 | 66 | Oil & Gas | DGRW vs USO | |
| United States Brent Oil Fund LP | -0.25 | -0.05 | 0.07 | 65 | Oil & Gas | DGRW vs BNO | |
| Invesco DB Oil Fund | -0.23 | -0.02 | 0.08 | 65 | Oil & Gas | DGRW vs DBO | |
| Defiance Oil Enhanced Options Income ETF | -0.23 | — | — | 56 | Derivative Income | DGRW vs USOY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DGRW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DGRW and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.13 | 0.27 | 69 | Consumer Defensive | |
| BP p.l.c. | 0.02 | 0.18 | 0.25 | 87 | Energy | |
| Duke Energy Corporation | 0.02 | 0.13 | 0.25 | 53 | Utilities | |
| ConocoPhillips Company | 0.03 | 0.16 | 0.24 | 76 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.18 | 0.18 | 86 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DGRW
Add DGRW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DGRW