Looking to diversify beyond EDOW? The ETFs below have historically moved differently from EDOW, 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 EDOW
384 ETFs have low correlation with EDOW (below 0.3), 80 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.12 | 0.07 | 72 | Oil & Gas | EDOW vs DBE | |
| Invesco DB Oil Fund | -0.35 | -0.11 | 0.06 | 58 | Oil & Gas | EDOW vs DBO | |
| United States Brent Oil Fund LP | -0.35 | -0.11 | 0.05 | 52 | Oil & Gas | EDOW vs BNO | |
| United States Oil Fund LP | -0.34 | -0.11 | 0.05 | 55 | Oil & Gas | EDOW vs USO | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | EDOW vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EDOW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of 0.15, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dow Inc. | 0.15 | 0.37 | 0.49 | 69 | Basic Materials |
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