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
2056 ETFs have low correlation with DUG (below 0.3), 567 of which are negatively correlated. The least correlated is Invesco S&P 500 Equal Weight Energy ETF (RSPG) (Energy Equities) with a 1Y correlation of -0.97, roughly unchanged from -0.98 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Equal Weight Energy ETF | -0.97 | -0.97 | -0.98 | 52 | Energy Equities, S&P 500, Equal Weight | DUG vs RSPG | |
| iShares Global Energy ETF | -0.97 | -0.97 | -0.97 | 51 | Energy Equities | DUG vs IXC | |
| Invesco DWA Energy Momentum ETF | -0.85 | -0.85 | -0.90 | 52 | Momentum, Energy Equities | DUG vs PXI | |
| Neuberger Berman Energy Transition & Infrastructur... | -0.82 | -0.60 | — | 63 | Energy Equities | DUG vs NBET | |
| Invesco S&P SmallCap Energy ETF | -0.81 | -0.83 | -0.87 | 51 | Energy Equities | DUG vs PSCE |
See all 2057 diversifiers for DUG
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Diversification Analysis
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