Looking to diversify beyond DNOV? The ETFs below have the lowest correlation with DNOV — 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 DNOV.
Best Diversifiers for DNOV
388 ETFs have low correlation with DNOV (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 -0.31, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.06 | 0.06 | 71 | Oil & Gas | DNOV vs DBE | |
| United States Oil Fund LP | -0.31 | -0.06 | 0.05 | 66 | Oil & Gas | DNOV vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.05 | 0.05 | 65 | Oil & Gas | DNOV vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | -0.02 | 0.07 | 56 | Oil & Gas | DNOV vs OILK | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | -0.07 | -0.07 | 56 | Derivative Income | DNOV vs USOY |
See all 2184 diversifiers for DNOV
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