Looking to diversify beyond DRLL? The ETFs below have historically moved differently from DRLL, 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 DRLL
2109 ETFs have low correlation with DRLL (below 0.3), 1743 of which are negatively correlated. The least correlated is Fidelity Municipal Bond Opportunities ETF (FMUB) (Municipal Bonds) with a 1Y correlation of -0.34, down from -0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.34 | -0.23 | -0.23 | 76 | Municipal Bonds | DRLL vs FMUB | |
| Vanguard Short Duration Bond ETF Shares | -0.34 | — | — | 89 | Short-Term Bond | DRLL vs VSDB | |
| Vanguard Tax-Exempt Bond ETF | -0.34 | -0.10 | — | 74 | Municipal Bonds | DRLL vs VTEB | |
| Dimensional California Municipal Bond ETF | -0.34 | -0.12 | — | 73 | Municipal Bonds | DRLL vs DFCA | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.33 | -0.11 | -0.08 | 82 | Municipal Bonds | DRLL vs FLMI |
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