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
363 ETFs have low correlation with DWX (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, down from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.47 | -0.38 | 73 | Leveraged Currency | DWX vs YCS | |
| ProShares Short Bitcoin ETF | -0.29 | -0.20 | -0.26 | 52 | Cryptocurrency | DWX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | — | — | 70 | Inverse Equities, Leveraged Equities | DWX vs MSTZ | |
| TCW AAA CLO ETF | -0.24 | — | — | 99 | CLO | DWX vs ACLO | |
| Defiance Daily Target 2X Short MSTR ETF | -0.24 | — | — | 63 | Inverse Equities | DWX vs SMST |
See all 2070 diversifiers for DWX
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