Looking to diversify beyond DYLD? The ETFs below have the lowest correlation with DYLD — 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 DYLD.
Best Diversifiers for DYLD
629 ETFs have low correlation with DYLD (below 0.3), 48 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.35 | -0.41 | 61 | Leveraged Currency | DYLD vs YCS | |
| VanEck Commodity Strategy ETF | -0.26 | -0.06 | -0.06 | 55 | Commodities | DYLD vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.23 | -0.08 | -0.10 | 70 | Commodities | DYLD vs FAAR | |
| Fidelity Managed Futures ETF | -0.21 | -0.20 | -0.20 | 64 | Systematic Trend | DYLD vs FFUT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.20 | -0.03 | -0.02 | 53 | Commodities | DYLD vs FTGC |
See all 2068 diversifiers for DYLD
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