Looking to diversify beyond DRN? The ETFs below have the lowest correlation with DRN — 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 DRN.
Best Diversifiers for DRN
943 ETFs have low correlation with DRN (below 0.3), 48 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.25 | -0.19 | 63 | Leveraged Currency | DRN vs YCS | |
| United States Brent Oil Fund LP | -0.15 | -0.08 | 0.01 | 65 | Oil & Gas | DRN vs BNO | |
| United States Gasoline Fund LP | -0.14 | -0.06 | 0.02 | 71 | Oil & Gas | DRN vs UGA | |
| Invesco DB Energy Fund | -0.14 | -0.08 | 0.02 | 71 | Oil & Gas | DRN vs DBE | |
| Invesco DB Oil Fund | -0.14 | -0.07 | 0.03 | 65 | Oil & Gas | DRN vs DBO |
See all 2190 diversifiers for DRN
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