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
392 ETFs have low correlation with DIEM (below 0.3), 72 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.31 | 0.01 | 0.12 | 66 | Oil & Gas | DIEM vs USO | |
| ProShares UltraShort Yen | -0.31 | -0.20 | -0.18 | 63 | Leveraged Currency | DIEM vs YCS | |
| Invesco DB Energy Fund | -0.29 | 0.01 | 0.13 | 71 | Oil & Gas | DIEM vs DBE | |
| United States Brent Oil Fund LP | -0.29 | 0.02 | 0.11 | 65 | Oil & Gas | DIEM vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 56 | Derivative Income | DIEM vs USOY |
See all 2184 diversifiers for DIEM
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