Looking to diversify beyond DRKY? The ETFs below have historically moved differently from DRKY, 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 DRKY
381 ETFs have low correlation with DRKY (below 0.3), 76 of which are negatively correlated. The least correlated is United States Gasoline Fund, LP (UGA) (Oil & Gas) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund, LP | -0.29 | -0.29 | -0.29 | 72 | Oil & Gas | DRKY vs UGA | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.23 | -0.23 | -0.23 | 53 | Leveraged Equities | DRKY vs NRGU | |
| State Street Energy Select Sector SPDR ETF | -0.21 | -0.21 | -0.21 | 61 | Energy Equities | DRKY vs XLE | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.20 | -0.20 | 97 | Inflation-Protected Bonds | DRKY vs RBIL | |
| ProShares Ultra Energy | -0.20 | -0.20 | -0.20 | 56 | Leveraged Equities | DRKY vs DIG |
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