Looking to diversify beyond DGRW? The ETFs below have historically moved differently from DGRW, 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 DGRW
296 ETFs have low correlation with DGRW (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.32 | — | 51 | Cryptocurrency | DGRW vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 69 | Derivative Income | DGRW vs WNTR | |
| Invesco DB Energy Fund | -0.28 | -0.08 | 0.06 | 66 | Oil & Gas | DGRW vs DBE | |
| Invesco DB Oil Fund | -0.24 | -0.06 | 0.06 | 51 | Oil & Gas | DGRW vs DBO | |
| United States Gasoline Fund, LP | -0.23 | -0.05 | 0.06 | 83 | Oil & Gas | DGRW vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DGRW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.11, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.11 | 0.12 | 0.22 | 68 | Energy | |
| Altria Group, Inc. | -0.09 | 0.11 | 0.25 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.08 | 0.10 | 0.25 | 52 | Utilities | |
| Devon Energy Corporation | -0.07 | 0.16 | 0.26 | 78 | Energy | |
| Chevron Corporation | -0.07 | 0.17 | 0.28 | 79 | Energy |
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