Looking to diversify beyond DVXE? The ETFs below have the lowest correlation with DVXE — 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 DVXE.
Best Diversifiers for DVXE
2 ETFs have low correlation with DVXE (below 0.3), 1 of which are negatively correlated. The least correlated is SmartETFs Sustainable Energy II ETF (SOLR) (Energy Equities) with a 1Y correlation of -0.07, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SmartETFs Sustainable Energy II ETF | -0.07 | -0.07 | -0.07 | 55 | Energy Equities | DVXE vs SOLR | |
| American Beacon GLG Natural Resources ETF | 0.21 | 0.21 | 0.21 | 77 | Energy Equities | DVXE vs MGNR | |
| Tortoise North American Pipeline Fund | 0.62 | 0.62 | 0.62 | 55 | Energy Equities | DVXE vs TPYP | |
| USCF Midstream Energy Income Fund ETF | 0.63 | 0.63 | 0.63 | 54 | Energy Equities | DVXE vs UMI |
Diversification Analysis
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