Looking to diversify beyond DMBS? The ETFs below have the lowest correlation with DMBS — 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 DMBS.
Best Diversifiers for DMBS
1376 ETFs have low correlation with DMBS (below 0.3), 99 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.50, roughly unchanged from -0.46 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.50 | -0.46 | — | 63 | Leveraged Currency | DMBS vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.21 | -0.21 | 71 | Oil & Gas | DMBS vs DBE | |
| United States Gasoline Fund LP | -0.42 | -0.21 | -0.20 | 71 | Oil & Gas | DMBS vs UGA | |
| Invesco DB Oil Fund | -0.41 | -0.20 | — | 65 | Oil & Gas | DMBS vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.41 | -0.20 | -0.20 | 56 | Leveraged Commodities | DMBS vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DMBS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DMBS and solid risk/return profiles. The least correlated is Western Midstream Partners, LP (WES) (Energy) with a 1Y correlation of -0.13, down from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Midstream Partners, LP | -0.13 | -0.01 | — | 76 | Energy | |
| Enterprise Products Partners L.P. | -0.11 | 0.03 | — | 86 | Energy |
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