Looking to diversify beyond DUG? The ETFs below have historically moved differently from DUG, 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 DUG
2235 ETFs have low correlation with DUG (below 0.3), 670 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -1.00 | -1.00 | -1.00 | 76 | Energy Equities | DUG vs XLE | |
| iShares U.S. Energy ETF | -1.00 | -1.00 | -1.00 | 75 | Energy Equities | DUG vs IYE | |
| Direxion Daily Energy Bull 2X Shares | -1.00 | -1.00 | -1.00 | 71 | Energy Equities, Leveraged Equities | DUG vs ERX | |
| ProShares Ultra Oil & Gas | -1.00 | -1.00 | -1.00 | 71 | Leveraged Equities | DUG vs DIG | |
| Fidelity MSCI Energy Index ETF | -0.99 | -0.99 | -1.00 | 76 | Energy Equities | DUG vs FENY |
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