Looking to diversify beyond DIAL? The ETFs below have historically moved differently from DIAL, 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 DIAL
298 ETFs have low correlation with DIAL (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.47 | -0.48 | 56 | Leveraged Currency | DIAL vs YCS | |
| United States Brent Oil Fund LP | -0.44 | -0.20 | -0.09 | 52 | Oil & Gas | DIAL vs BNO | |
| Invesco DB Energy Fund | -0.43 | -0.20 | -0.08 | 72 | Oil & Gas | DIAL vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.19 | -0.08 | 58 | Oil & Gas | DIAL vs DBO | |
| United States Oil Fund LP | -0.42 | -0.20 | -0.09 | 55 | Oil & Gas | DIAL vs USO |
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