Looking to diversify beyond DIEM? The ETFs below have the lowest correlation with DIEM — 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 DIEM.
Best Diversifiers for DIEM
423 ETFs have low correlation with DIEM (below 0.3), 70 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.31 | — | 57 | Cryptocurrency | DIEM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | DIEM vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.40 | -0.41 | -0.47 | 51 | Currency | DIEM vs UUP | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 60 | Inverse Equities | DIEM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | DIEM vs MSTZ |
See all 2042 diversifiers for DIEM
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