Looking to diversify beyond DVOL? The ETFs below have historically moved differently from DVOL, 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 DVOL
710 ETFs have low correlation with DVOL (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.23, roughly unchanged from -0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.23 | -0.21 | — | 61 | Cryptocurrency | DVOL vs BITI | |
| Invesco DB Energy Fund | -0.23 | -0.11 | 0.02 | 72 | Oil & Gas | DVOL vs DBE | |
| Proshares Ultrashort Bitcoin ETF | -0.22 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DVOL vs SBIT | |
| United States Gasoline Fund LP | -0.22 | -0.09 | 0.03 | 87 | Oil & Gas | DVOL vs UGA | |
| United States Brent Oil Fund LP | -0.21 | -0.10 | 0.01 | 52 | Oil & Gas | DVOL vs BNO |
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