Looking to diversify beyond DWM? The ETFs below have historically moved differently from DWM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DWM
269 ETFs have low correlation with DWM (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.32 | -0.27 | 56 | Leveraged Currency | DWM vs YCS | |
| ProShares Short Bitcoin ETF | -0.39 | -0.29 | — | 61 | Cryptocurrency | DWM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DWM vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | -0.32 | -0.32 | 52 | Inverse Equities | DWM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 61 | Inverse Equities, Leveraged Equities | DWM vs MSTZ |
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