Looking to diversify beyond YDEC? The ETFs below have historically moved differently from YDEC, 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 YDEC
151 ETFs have low correlation with YDEC (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.28 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.28 | — | 51 | Cryptocurrency | YDEC vs BITI | |
| Invesco DB Energy Fund | -0.37 | -0.10 | 0.08 | 66 | Oil & Gas | YDEC vs DBE | |
| Invesco DB Oil Fund | -0.31 | -0.07 | 0.10 | 51 | Oil & Gas | YDEC vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | 0.00 | 0.16 | 61 | Commodities | YDEC vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.25 | 0.00 | 0.15 | 56 | Commodities | YDEC vs COMT |
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