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
9 ETFs have low correlation with DUOG (below 0.3), 1 of which are negatively correlated. The least correlated is GraniteShares 2x Long MRVL Daily ETF (MVLL) (Leveraged Equities) with a 1Y correlation of -0.05, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long MRVL Daily ETF | -0.05 | -0.05 | -0.05 | 68 | Leveraged Equities | DUOG vs MVLL | |
| Direxion Daily CSCO Bull 2X Shares | 0.03 | — | — | 72 | Leveraged Equities | DUOG vs CSCL | |
| ProShares Ultra Oil & Gas | 0.03 | 0.03 | 0.03 | 53 | Leveraged Equities | DUOG vs DIG | |
| Direxion Daily Energy Bull 2X Shares | 0.04 | 0.04 | 0.04 | 54 | Leveraged Equities | DUOG vs ERX | |
| Leverage Shares 2X Long TSM Daily ETF | 0.04 | 0.04 | 0.04 | 66 | Leveraged Equities | DUOG vs TSMG |
See all 9 diversifiers for DUOG
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