Looking to diversify beyond DWMF? The ETFs below have historically moved differently from DWMF, 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 DWMF
336 ETFs have low correlation with DWMF (below 0.3), 86 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.13 | 0.04 | 72 | Oil & Gas | DWMF vs DBE | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.06 | — | 56 | Options Trading | DWMF vs CAOS | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.27 | -0.27 | 55 | Cryptocurrency, Leveraged Cryptocurrency | DWMF vs SBIT | |
| ProShares Short Bitcoin ETF | -0.31 | -0.23 | — | 61 | Cryptocurrency | DWMF vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | -0.26 | -0.26 | 52 | Inverse Equities | DWMF vs SMST |
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