Looking to diversify beyond DWAW? The ETFs below have the lowest correlation with DWAW — 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 DWAW.
Best Diversifiers for DWAW
351 ETFs have low correlation with DWAW (below 0.3), 84 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.08 | 0.08 | 71 | Oil & Gas | DWAW vs DBE | |
| United States Oil Fund LP | -0.33 | -0.08 | 0.08 | 66 | Oil & Gas | DWAW vs USO | |
| United States Brent Oil Fund LP | -0.32 | -0.07 | 0.08 | 65 | Oil & Gas | DWAW vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.09 | -0.09 | 56 | Derivative Income | DWAW vs USOY | |
| United States Gasoline Fund LP | -0.30 | -0.07 | 0.07 | 71 | Oil & Gas | DWAW vs UGA |
See all 2183 diversifiers for DWAW
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