Looking to diversify beyond DMAX? The ETFs below have historically moved differently from DMAX, 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 DMAX
442 ETFs have low correlation with DMAX (below 0.3), 83 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | — | — | 51 | Cryptocurrency | DMAX vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 69 | Derivative Income | DMAX vs WNTR | |
| Invesco DB Energy Fund | -0.25 | — | — | 66 | Oil & Gas | DMAX vs DBE | |
| Invesco DB Oil Fund | -0.21 | -0.09 | -0.09 | 51 | Oil & Gas | DMAX vs DBO | |
| United States Gasoline Fund, LP | -0.21 | — | — | 83 | Oil & Gas | DMAX vs UGA |
See all 2295 diversifiers for DMAX
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