Looking to diversify beyond DWM? The ETFs below have the lowest correlation with DWM — 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 DWM.
Best Diversifiers for DWM
253 ETFs have low correlation with DWM (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.60, roughly unchanged from -0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.60 | -0.58 | -0.61 | 51 | Currency | DWM vs UUP | |
| ProShares UltraShort Yen | -0.46 | -0.32 | -0.26 | 72 | Leveraged Currency | DWM vs YCS | |
| ProShares Short Bitcoin ETF | -0.36 | -0.28 | -0.31 | 57 | Cryptocurrency | DWM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.36 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | DWM vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 53 | Inverse Equities | DWM vs SMST |
See all 2059 diversifiers for DWM
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements DWM
Add DWM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DWM