Looking to diversify beyond DWAW? The ETFs below have historically moved differently from DWAW, 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 DWAW
431 ETFs have low correlation with DWAW (below 0.3), 89 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.49, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | -0.36 | — | 51 | Cryptocurrency | DWAW vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 69 | Derivative Income | DWAW vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.09 | 0.07 | 66 | Oil & Gas | DWAW vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | -0.05 | -0.05 | 98 | Inflation-Protected Bonds | DWAW vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | -0.24 | -0.24 | 97 | Inflation-Protected Bonds | DWAW vs RBIL |
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