Looking to diversify beyond LDDR? The ETFs below have the lowest correlation with LDDR — 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 LDDR.
Best Diversifiers for LDDR
1644 ETFs have low correlation with LDDR (below 0.3), 113 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.43 | -0.43 | 61 | Leveraged Currency | LDDR vs YCS | |
| Invesco DB Energy Fund | -0.42 | — | — | 71 | Oil & Gas | LDDR vs DBE | |
| Invesco DB Oil Fund | -0.42 | — | — | 65 | Oil & Gas | LDDR vs DBO | |
| United States Gasoline Fund LP | -0.42 | -0.34 | -0.34 | 69 | Oil & Gas | LDDR vs UGA | |
| ProShares Ultra Bloomberg Crude Oil | -0.40 | -0.34 | -0.34 | 54 | Leveraged Commodities | LDDR vs UCO |
See all 2103 diversifiers for LDDR
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