Looking to diversify beyond DUG? The ETFs below have the lowest correlation with DUG — 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 DUG.
Best Diversifiers for DUG
2073 ETFs have low correlation with DUG (below 0.3), 587 of which are negatively correlated. The least correlated is FT Energy Income Partners Strategy ETF (EIPX) (Energy Equities) with a 1Y correlation of -0.80, roughly unchanged from -0.85 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -0.80 | -0.83 | -0.85 | 75 | Energy Equities | DUG vs EIPX | |
| iShares North American Natural Resources ETF | -0.78 | -0.88 | -0.93 | 61 | Energy Equities | DUG vs IGE | |
| VanEck Oil Services ETF | -0.73 | -0.79 | -0.85 | 68 | Energy Equities | DUG vs OIH | |
| iShares U.S. Oil Equipment & Services ETF | -0.72 | -0.79 | -0.86 | 66 | Energy Equities | DUG vs IEZ | |
| SPDR S&P Oil & Gas Equipment & Services ETF | -0.71 | -0.77 | -0.84 | 77 | Energy Equities | DUG vs XES |
See all 2074 diversifiers for DUG
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Diversification Analysis
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