Looking to diversify beyond DWLD? The ETFs below have the lowest correlation with DWLD — 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 DWLD.
Best Diversifiers for DWLD
376 ETFs have low correlation with DWLD (below 0.3), 63 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.29 | 0.00 | 0.12 | 66 | Oil & Gas | DWLD vs USO | |
| United States Brent Oil Fund LP | -0.29 | 0.01 | 0.12 | 65 | Oil & Gas | DWLD vs BNO | |
| ProShares UltraShort Yen | -0.29 | -0.15 | -0.09 | 61 | Leveraged Currency | DWLD vs YCS | |
| Invesco DB Energy Fund | -0.28 | -0.00 | 0.13 | 71 | Oil & Gas | DWLD vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 56 | Derivative Income | DWLD vs USOY |
See all 2108 diversifiers for DWLD
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