Looking to diversify beyond DMAX? The ETFs below have the lowest correlation with DMAX — 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 DMAX.
Best Diversifiers for DMAX
404 ETFs have low correlation with DMAX (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.13 | -0.13 | 71 | Oil & Gas | DMAX vs DBE | |
| United States Oil Fund LP | -0.30 | — | — | 66 | Oil & Gas | DMAX vs USO | |
| United States Brent Oil Fund LP | -0.29 | — | — | 65 | Oil & Gas | DMAX vs BNO | |
| United States 12 Month Oil Fund LP | -0.28 | — | — | 56 | Oil & Gas | DMAX vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | — | — | 56 | Oil & Gas | DMAX vs OILK |
See all 2184 diversifiers for DMAX
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