Looking to diversify beyond DVYE? The ETFs below have the lowest correlation with DVYE — 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 DVYE.
Best Diversifiers for DVYE
364 ETFs have low correlation with DVYE (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.23 | -0.18 | 61 | Leveraged Currency | DVYE vs YCS | |
| United States Brent Oil Fund LP | -0.23 | 0.04 | 0.15 | 65 | Oil & Gas | DVYE vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.22 | — | — | 56 | Derivative Income | DVYE vs USOY | |
| United States Oil Fund LP | -0.22 | 0.04 | 0.15 | 66 | Oil & Gas | DVYE vs USO | |
| Invesco DB Energy Fund | -0.21 | 0.05 | 0.16 | 71 | Oil & Gas | DVYE vs DBE |
See all 2114 diversifiers for DVYE
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Diversification Analysis
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