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
220 ETFs have low correlation with DWM (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.32 | -0.26 | 61 | Leveraged Currency | DWM vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.26 | — | — | 97 | Inflation-Protected Bonds | DWM vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | DWM vs IBIC | |
| TCW AAA CLO ETF | -0.18 | — | — | 99 | CLO | DWM vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | DWM vs CSHP |
See all 2074 diversifiers for DWM
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