Looking to diversify beyond DVDN? The ETFs below have the lowest correlation with DVDN — 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 DVDN.
Best Diversifiers for DVDN
522 ETFs have low correlation with DVDN (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.18 | -0.18 | 61 | Leveraged Currency | DVDN vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | -0.10 | -0.10 | 56 | Derivative Income | DVDN vs USOY | |
| United States Oil Fund LP | -0.25 | -0.07 | -0.07 | 66 | Oil & Gas | DVDN vs USO | |
| United States Brent Oil Fund LP | -0.24 | -0.06 | -0.06 | 65 | Oil & Gas | DVDN vs BNO | |
| Invesco DB Energy Fund | -0.23 | — | — | 71 | Oil & Gas | DVDN vs DBE |
See all 2108 diversifiers for DVDN
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