Looking to diversify beyond DWX? The ETFs below have historically moved differently from DWX, 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 DWX
361 ETFs have low correlation with DWX (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.48 | -0.38 | 56 | Leveraged Currency | DWX vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.23 | -0.18 | -0.18 | 58 | Derivative Income | DWX vs WNTR | |
| Invesco DB Energy Fund | -0.23 | -0.13 | 0.05 | 54 | Oil & Gas | DWX vs DBE | |
| United States Gasoline Fund, LP | -0.21 | -0.12 | 0.05 | 72 | Oil & Gas | DWX vs UGA | |
| TCW AAA CLO ETF | -0.20 | — | — | 99 | CLO | DWX vs ACLO |
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