Looking to diversify beyond IDOG? The ETFs below have the lowest correlation with IDOG — 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 IDOG.
Best Diversifiers for IDOG
385 ETFs have low correlation with IDOG (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.44, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.44 | -0.30 | -0.23 | 63 | Leveraged Currency | IDOG vs YCS | |
| United States Brent Oil Fund LP | -0.25 | 0.03 | 0.16 | 65 | Oil & Gas | IDOG vs BNO | |
| United States Oil Fund LP | -0.25 | 0.02 | 0.17 | 66 | Oil & Gas | IDOG vs USO | |
| Invesco DB Energy Fund | -0.24 | 0.03 | 0.18 | 71 | Oil & Gas | IDOG vs DBE | |
| Invesco DB Oil Fund | -0.24 | 0.04 | 0.18 | 65 | Oil & Gas | IDOG vs DBO |
See all 2189 diversifiers for IDOG
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Diversification Analysis
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