Looking to diversify beyond DWX? The ETFs below have the lowest correlation with DWX — 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 DWX.
Best Diversifiers for DWX
303 ETFs have low correlation with DWX (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.54, down from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.54 | -0.47 | -0.37 | 63 | Leveraged Currency | DWX vs YCS | |
| United States Gasoline Fund LP | -0.23 | -0.10 | 0.06 | 55 | Oil & Gas | DWX vs UGA | |
| TCW AAA CLO ETF | -0.21 | — | — | 99 | CLO | DWX vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | DWX vs CSHP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 97 | Inflation-Protected Bonds | DWX vs RBIL |
See all 1949 diversifiers for DWX
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