Looking to diversify beyond DMBS? The ETFs below have historically moved differently from DMBS, 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 DMBS
715 ETFs have low correlation with DMBS (below 0.3), 118 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.46, down from -0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.46 | -0.24 | — | 72 | Oil & Gas | DMBS vs DBE | |
| United States Oil Fund LP | -0.44 | -0.23 | — | 55 | Oil & Gas | DMBS vs USO | |
| United States Brent Oil Fund LP | -0.43 | -0.23 | — | 52 | Oil & Gas | DMBS vs BNO | |
| ProShares UltraShort Yen | -0.42 | -0.45 | — | 56 | Leveraged Currency | DMBS vs YCS | |
| Invesco DB Oil Fund | -0.42 | -0.22 | -0.20 | 58 | Oil & Gas | DMBS vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DMBS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.19, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.19 | -0.00 | -0.01 | 89 | Energy | |
| Western Midstream Partners, LP | -0.18 | -0.04 | -0.02 | 80 | Energy |
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