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
576 ETFs have low correlation with DYLD (below 0.3), 74 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 | 75 | Leveraged Currency | DYLD vs YCS | |
| United States Gasoline Fund LP | -0.34 | -0.14 | -0.09 | 72 | Oil & Gas | DYLD vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.30 | -0.08 | -0.04 | 51 | Commodities | DYLD vs PDBC | |
| VanEck Commodity Strategy ETF | -0.26 | -0.07 | — | 69 | Commodities | DYLD vs PIT | |
| United States Commodity Index Fund | -0.25 | -0.06 | -0.01 | 65 | Commodities | DYLD vs USCI |
See all 2054 diversifiers for DYLD
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