Looking to diversify beyond DRN? The ETFs below have historically moved differently from DRN, 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 DRN
1361 ETFs have low correlation with DRN (below 0.3), 103 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.32, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.27 | -0.19 | 56 | Leveraged Currency | DRN vs YCS | |
| Invesco DB Energy Fund | -0.16 | -0.12 | 0.00 | 72 | Oil & Gas | DRN vs DBE | |
| United States Gasoline Fund LP | -0.15 | -0.10 | 0.01 | 87 | Oil & Gas | DRN vs UGA | |
| United States Brent Oil Fund LP | -0.15 | -0.11 | -0.01 | 52 | Oil & Gas | DRN vs BNO | |
| Invesco DB Oil Fund | -0.15 | -0.11 | 0.01 | 58 | Oil & Gas | DRN vs DBO |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DRN
Add DRN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DRN