Looking to diversify beyond DWAS? The ETFs below have the lowest correlation with DWAS — 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 DWAS.
Best Diversifiers for DWAS
407 ETFs have low correlation with DWAS (below 0.3), 86 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.05 | 0.15 | 71 | Oil & Gas | DWAS vs DBE | |
| United States Oil Fund LP | -0.27 | -0.02 | 0.15 | 66 | Oil & Gas | DWAS vs USO | |
| United States Brent Oil Fund LP | -0.25 | -0.02 | 0.15 | 65 | Oil & Gas | DWAS vs BNO | |
| United States 12 Month Oil Fund LP | -0.24 | 0.01 | 0.17 | 56 | Oil & Gas | DWAS vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.24 | 0.01 | 0.18 | 56 | Oil & Gas | DWAS vs OILK |
See all 2189 diversifiers for DWAS
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