Looking to diversify beyond DMX? The ETFs below have the lowest correlation with DMX — 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 DMX.
Best Diversifiers for DMX
292 ETFs have low correlation with DMX (below 0.3), 75 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.36, down from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.36 | -0.21 | -0.21 | 69 | Oil & Gas | DMX vs UGA | |
| Invesco DB Energy Fund | -0.35 | -0.20 | -0.20 | 71 | Oil & Gas | DMX vs DBE | |
| United States Oil Fund LP | -0.35 | — | — | 66 | Oil & Gas | DMX vs USO | |
| United States Brent Oil Fund LP | -0.34 | -0.18 | -0.18 | 65 | Oil & Gas | DMX vs BNO | |
| Invesco DB Oil Fund | -0.32 | — | — | 65 | Oil & Gas | DMX vs DBO |
See all 2110 diversifiers for DMX
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