Looking to diversify beyond EDOW? The ETFs below have the lowest correlation with EDOW — 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 EDOW.
Best Diversifiers for EDOW
403 ETFs have low correlation with EDOW (below 0.3), 58 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.07 | 0.10 | 71 | Oil & Gas | EDOW vs DBE | |
| United States 12 Month Oil Fund LP | -0.31 | -0.06 | 0.11 | 56 | Oil & Gas | EDOW vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.30 | -0.05 | 0.10 | 55 | Oil & Gas | EDOW vs OILK | |
| United States Oil Fund LP | -0.30 | -0.06 | 0.09 | 66 | Oil & Gas | EDOW vs USO | |
| Invesco DB Oil Fund | -0.30 | -0.06 | 0.10 | 65 | Oil & Gas | EDOW vs DBO |
See all 2114 diversifiers for EDOW
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