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
371 ETFs have low correlation with DWAW (below 0.3), 72 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.35 | -0.36 | 57 | Cryptocurrency | DWAW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DWAW vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | DWAW vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 60 | Inverse Equities | DWAW vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | DWAW vs WNTR |
See all 2042 diversifiers for DWAW
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