Looking to diversify beyond DUOG? The ETFs below have the lowest correlation with DUOG — 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 DUOG.
Best Diversifiers for DUOG
4 ETFs have low correlation with DUOG (below 0.3), 1 of which are negatively correlated. The least correlated is GraniteShares 2x Long INTC Daily ETF (INTW) (Leveraged Equities) with a 1Y correlation of -0.08, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long INTC Daily ETF | -0.08 | -0.08 | -0.08 | 97 | Leveraged Equities | DUOG vs INTW | |
| GraniteShares 2x Long AAPL Daily ETF | 0.09 | 0.09 | 0.09 | 66 | Leveraged Equities | DUOG vs AAPB | |
| Direxion Daily AAPL Bull 2X Shares | 0.10 | 0.10 | 0.10 | 63 | Leveraged Equities | DUOG vs AAPU | |
| Innovator U.S. Equity Accelerated Plus ETF | 0.14 | 0.14 | 0.14 | 98 | Leveraged Equities | DUOG vs XTAP |
Diversification Analysis
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