Looking to diversify beyond DYLD? The ETFs below have historically moved differently from DYLD, 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 DYLD
674 ETFs have low correlation with DYLD (below 0.3), 110 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.37 | -0.41 | 56 | Leveraged Currency | DYLD vs YCS | |
| United States Brent Oil Fund LP | -0.36 | -0.17 | -0.10 | 52 | Oil & Gas | DYLD vs BNO | |
| Invesco DB Energy Fund | -0.36 | -0.17 | -0.09 | 72 | Oil & Gas | DYLD vs DBE | |
| United States Oil Fund LP | -0.36 | -0.17 | -0.09 | 55 | Oil & Gas | DYLD vs USO | |
| United States Gasoline Fund, LP | -0.34 | -0.16 | -0.08 | 87 | Oil & Gas | DYLD vs UGA |
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