Looking to diversify beyond DON? The ETFs below have the lowest correlation with DON — 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 DON.
Best Diversifiers for DON
439 ETFs have low correlation with DON (below 0.3), 51 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.19, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.19 | 0.02 | 0.18 | 71 | Oil & Gas | DON vs DBE | |
| ProShares UltraShort Yen | -0.18 | -0.09 | -0.04 | 61 | Leveraged Currency | DON vs YCS | |
| United States Oil Fund LP | -0.18 | 0.04 | 0.17 | 66 | Oil & Gas | DON vs USO | |
| United States Brent Oil Fund LP | -0.17 | 0.03 | 0.17 | 65 | Oil & Gas | DON vs BNO | |
| United States 12 Month Oil Fund LP | -0.17 | 0.05 | 0.19 | 56 | Oil & Gas | DON vs USL |
See all 2114 diversifiers for DON
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Diversification Analysis
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