Looking to diversify beyond ETTY? The ETFs below have historically moved differently from ETTY, 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 ETTY
521 ETFs have low correlation with ETTY (below 0.3), 22 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.13, roughly unchanged from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.13 | -0.13 | -0.13 | 54 | Oil & Gas | ETTY vs DBE | |
| Tortoise North American Pipeline Fund | -0.08 | -0.08 | -0.08 | 61 | MLPs, Energy Equities | ETTY vs TPYP | |
| Global X 1-3 Month T-Bill ETF | -0.07 | -0.07 | -0.07 | 100 | Ultrashort Bond | ETTY vs CLIP | |
| Global X MLP ETF | -0.07 | -0.07 | -0.07 | 54 | MLPs | ETTY vs MLPA | |
| ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP In... | -0.06 | -0.06 | -0.06 | 59 | Leveraged Equities, MLPs | ETTY vs MLPR |
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