Looking to diversify beyond DGZ? The ETFs below have historically moved differently from DGZ, 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 DGZ
2231 ETFs have low correlation with DGZ (below 0.3), 2069 of which are negatively correlated. The least correlated is First Trust Multi-Strategy Alternative ETF (LALT) (Global Allocation) with a 1Y correlation of -0.37, roughly unchanged from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Multi-Strategy Alternative ETF | -0.37 | -0.28 | — | 91 | Global Allocation | DGZ vs LALT | |
| 3EDGE Dynamic Hard Assets ETF | -0.35 | — | — | 60 | Commodities | DGZ vs EDGH | |
| abrdn Bloomberg All Commodity Longer Dated Strateg... | -0.33 | -0.26 | -0.28 | 75 | Commodities | DGZ vs BCD | |
| VanEck Inflation Allocation ETF | -0.32 | -0.31 | -0.34 | 77 | Diversified Portfolio | DGZ vs RAAX | |
| iShares Managed Futures Active ETF | -0.32 | — | — | 93 | Systematic Trend | DGZ vs ISMF |
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