Looking to diversify beyond SDOW? The ETFs below have historically moved differently from SDOW, 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 SDOW
1715 ETFs have low correlation with SDOW (below 0.3), 1639 of which are negatively correlated. The least correlated is ProShares UltraPro Dow30 (UDOW) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro Dow30 | -1.00 | -1.00 | -1.00 | 56 | Leveraged Equities | SDOW vs UDOW | |
| State Street SPDR Dow Jones Industrial Average ETF... | -1.00 | -1.00 | -1.00 | 70 | Large Cap Blend Equities | SDOW vs DIA | |
| ProShares Ultra Dow30 | -1.00 | -1.00 | -1.00 | 58 | Leveraged Equities | SDOW vs DDM | |
| Global X Dow 30 Covered Call & Growth ETF | -0.97 | -0.98 | — | 79 | Derivative Income | SDOW vs DYLG | |
| Brookstone Opportunities ETF | -0.90 | — | — | 74 | Diversified Portfolio | SDOW vs BAMO |
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