Looking to diversify beyond EUDG? The ETFs below have historically moved differently from EUDG, 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 EUDG
271 ETFs have low correlation with EUDG (below 0.3), 88 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, down from -0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.28 | -0.23 | 56 | Leveraged Currency | EUDG vs YCS | |
| Invesco DB Energy Fund | -0.39 | -0.18 | 0.00 | 72 | Oil & Gas | EUDG vs DBE | |
| United States Brent Oil Fund LP | -0.38 | -0.16 | -0.00 | 52 | Oil & Gas | EUDG vs BNO | |
| United States Oil Fund LP | -0.36 | -0.17 | 0.00 | 55 | Oil & Gas | EUDG vs USO | |
| Invesco DB Oil Fund | -0.34 | -0.15 | 0.01 | 58 | Oil & Gas | EUDG vs DBO |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EUDG
Add EUDG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EUDG