Looking to diversify beyond EUDV? The ETFs below have historically moved differently from EUDV, 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 EUDV
273 ETFs have low correlation with EUDV (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.31 | -0.26 | 56 | Leveraged Currency | EUDV vs YCS | |
| Invesco DB Energy Fund | -0.41 | -0.20 | -0.04 | 72 | Oil & Gas | EUDV vs DBE | |
| United States Oil Fund LP | -0.39 | -0.19 | -0.04 | 55 | Oil & Gas | EUDV vs USO | |
| United States Brent Oil Fund LP | -0.38 | -0.18 | -0.04 | 52 | Oil & Gas | EUDV vs BNO | |
| United States Gasoline Fund, LP | -0.37 | -0.18 | -0.04 | 87 | Oil & Gas | EUDV vs UGA |
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