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32 Stocks and 68 ETFs for diversifying DUG (ProShares UltraShort Energy)

The least correlated asset to DUG (ProShares UltraShort Energy) is ETF IYE (ISHARES U.S. ENERGY ETF). The correlation is -0.9634.

Stocks that lowly correlated with DUG

SymbolName
Market cap
SectorIndustry
Correlation
XOMExxon Mobil Corp$604BEnergyOil & Gas Integrated-0.89
COPConoco Phillips$136BEnergyOil & Gas E&p-0.89
EOGEOG Resources Inc$73BEnergyOil & Gas E&p-0.88
DVNDevon Energy Corp$53BEnergyOil & Gas E&p-0.88
CNQCanadian Natural Resources Ltd$90BEnergyOil & Gas E&p-0.87
FANGDiamondback Energy Inc$53BEnergyOil & Gas E&p-0.86
CVXChevron Corp$360BEnergyOil & Gas Integrated-0.86
SUSuncor Energy Inc$72BEnergyOil & Gas Integrated-0.85
HALHalliburton Company$30BEnergyOil & Gas Equipment & Services-0.84
ALTSALT5 Sigma Corporation Common Stock$4.90BTechnologySoftware - Application-0.84
OVVOvintiv Inc$16BEnergyOil & Gas E&p-0.83
IMOImperial Oil Ltd$58BEnergyOil & Gas Integrated-0.83
SLBSLB$71BEnergyOil & Gas Equipment & Services-0.82
CVECenovus Energy Inc$51BEnergyOil & Gas Integrated-0.82
VETVermilion Energy Inc$1.50BEnergyOil & Gas E&p-0.81
MURMurphy Oil Corp$4.97BEnergyOil & Gas E&p-0.81
MGYMagnolia Oil & Gas Corp - Class A$4.90BEnergyOil & Gas E&p-0.81
EPDEnterprise Products Partners L P$82BEnergyOil & Gas Midstream-0.80
VLOValero Energy Corp$87BEnergyOil & Gas Refining & Marketing-0.80
PSXPhillips 66$79BEnergyOil & Gas Refining & Marketing-0.80
OXYOccidental Petroleum Corp$53BEnergyOil & Gas E&p-0.80
PTENPatterson-UTI Energy Inc$3.74BEnergyOil & Gas Drilling-0.79
NOVNOV Inc$6.99BEnergyOil & Gas Equipment & Services-0.79
APAAPA Corporation$12BEnergyOil & Gas E&p-0.78
MPCMarathon Petroleum Corp$88BEnergyOil & Gas Refining & Marketing-0.78
SHELShell Plc ADR (Representing - )$241BEnergyOil & Gas Integrated-0.77
VNOMViper Energy Inc - Class A$6.95BEnergyOil & Gas Midstream-0.77
BKRBaker Hughes Co - Class A$46BEnergyOil & Gas Equipment & Services-0.77
MTDRMatador Resources Company$6.54BEnergyOil & Gas E&p-0.77
DMLPDorchester Minerals LP$1.31BEnergyOil & Gas E&p-0.77
HESMHess Midstream LP - Class A$8.16BEnergyOil & Gas Midstream-0.76
PAAPlains All American Pipeline LP$19BEnergyOil & Gas Midstream-0.76

ETFs that lowly correlated with DUG

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
IYEISHARES U.S. ENERGY ETF $1.50B0.38%Jun 12, 2000-0.96
XLESTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) ETF $36B0.08%Dec 16, 1998-0.96
FENYFIDELITY MSCI ENERGY INDEX ETF $1.70B0.08%Oct 21, 2013-0.96
PEOAdams Natural Resources Fund Inc$762MN/AN/A-0.96
VDEVANGUARD ENERGY INDEX FUND ETF SHARES$11B0.09%Sep 23, 2004-0.96
OILUBank of Montreal$48MN/ANov 8, 2021-0.96
RSPGINVESCO S&P 500 EQUAL WEIGHT ENERGY ETF $533M0.40%Nov 1, 2006-0.95
IXCISHARES GLOBAL ENERGY ETF $2B0.40%Nov 12, 2001-0.95
IGEISHARES NORTH AMERICAN NATURAL RESOURCES ETF $708M0.39%Oct 22, 2001-0.95
IEOISHARES U.S. OIL & GAS EXPLORATION & PRODUCTION ETF $516M0.38%May 1, 2006-0.94
POWRISHARES U.S. POWER INFRASTRUCTURE ETF $420M0.40%Jan 31, 2012-0.94
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.94
FXNFIRST TRUST ENERGY ALPHADEX FUND $413M0.63%May 8, 2007-0.93
FTXNFIRST TRUST NASDAQ OIL & GAS ETF $181M0.60%Sep 20, 2016-0.93
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.93
WEEIWestwood Salient Enhanced Energy Income ETF$82M0.85%Apr 30, 2024-0.92
PXEINVESCO ENERGY EXPLORATION & PRODUCTION ETF $79M0.61%Oct 26, 2005-0.92
XOPSTATE STREET(R) SPDR(R) S&P(R) OIL & GAS EXPLORATION & PRODUCTION ETF $2.90B0.35%Jun 19, 2006-0.92
DRLLSTRIVE U.S. ENERGY ETF $261M0.41%Aug 8, 2022-0.92
BGRBlackrock Energy & Resources Trust$418MN/AN/A-0.92
DIGPROSHARES ULTRA ENERGY $64MN/AJan 30, 2007-0.91
FCGFIRST TRUST NATURAL GAS ETF $590M0.59%May 8, 2007-0.91
PXIINVESCO DORSEY WRIGHT ENERGY MOMENTUM ETF $73M0.60%Oct 12, 2006-0.90
CEFZRIVERNORTH ACTIVE INCOME ETF $40M3.36%Dec 27, 2006-0.90
NVIRHORIZON KINETICS ENERGY AND REMEDIATION ETF $5.80M0.85%Feb 21, 2023-0.89
PIPEInvesco SteelPath MLP & Energy Infrastructure ETF$65M0.75%Feb 18, 2025-0.88
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.87
USAIPACER AMERICAN ENERGY INDEPENDENCE ETF $111M0.75%Dec 12, 2017-0.87
MLPXGLOBAL X MLP & ENERGY INFRASTRUCTURE ETF $3.50B0.45%Aug 6, 2013-0.86
NANRSTATE STREET(R) SPDR(R) S&P(R) NORTH AMERICAN NATURAL RESOURCES ETF $736M0.35%Dec 15, 2015-0.86
OIHVANECK OIL SERVICES ETF $2B0.35%Dec 20, 2011-0.86
XOMOYIELDMAX(R) XOM OPTION INCOME STRATEGY ETF $30M1.17%Aug 30, 2023-0.86
ENFRALERIAN ENERGY INFRASTRUCTURE ETF $468M0.35%Oct 31, 2013-0.86
IEZISHARES U.S. OIL EQUIPMENT & SERVICES ETF $377M0.38%May 1, 2006-0.86
PSCEINVESCO S&P SMALLCAP ENERGY ETF $98M0.29%Apr 7, 2010-0.86
ATMPiPath Select MLP ETN$646M0.95%Mar 12, 2013-0.85
TPYPTORTOISE NORTH AMERICAN PIPELINE ETF $853M0.40%Jun 29, 2015-0.85
PXJINVESCO OIL & GAS SERVICES ETF $75M0.63%Oct 26, 2005-0.85
EINCVANECK ENERGY INCOME ETF $109M0.46%Mar 12, 2012-0.85
OILTTexas Capital Texas Oil Index ETF$12M0.35%Dec 20, 2023-0.85
GUNRFLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND $6.70B0.46%Sep 16, 2011-0.85
GNRSTATE STREET(R) SPDR(R) S&P(R) GLOBAL NATURAL RESOURCES ETF $4.50B0.40%Sep 13, 2010-0.84
MLPAGLOBAL X MLP ETF $2.10B0.77%Apr 18, 2012-0.84
AMLPALERIAN MLP ETF $12B1.01%Aug 25, 2010-0.84
EIPXFT ENERGY INCOME PARTNERS STRATEGY ETF $524M0.95%Nov 2, 2022-0.84
ERXDIREXION DAILY ENERGY BULL 2X SHARES $211MN/ANov 6, 2008-0.83
XESSTATE STREET(R) SPDR(R) S&P(R) OIL & GAS EQUIPMENT & SERVICES ETF $467M0.35%Jun 19, 2006-0.83
RLYSTATE STREET(R) MULTI-ASSET REAL RETURN ETF $1.20B0.50%Apr 25, 2012-0.83
BCXBlackRock Resources & Commodities Strategy Trust$917MN/AN/A-0.83
EQRRPROSHARES EQUITIES FOR RISING RATES ETF $38M0.35%Jul 24, 2017-0.83
CRAKVANECK OIL REFINERS ETF $146M0.61%Aug 18, 2015-0.82
HAPVANECK NATURAL RESOURCES ETF $299M0.41%Aug 29, 2008-0.82
UMIUSCF MIDSTREAM ENERGY INCOME FUND $485M0.69%Mar 24, 2021-0.82
AMUBUBS AG London Branch$37M0.80%Oct 9, 2015-0.82
EIPIFT ENERGY INCOME PARTNERS ENHANCED INCOME ETF $1B1.11%Sep 27, 2011-0.82
XOMXDirexion Daily XOM Bull 2X Shares$7.80MN/AApr 22, 2025-0.81
AMZAINFRACAP MLP ETF $444M1.72%Oct 1, 2014-0.81
MLPBUBS AG London Branch$219M0.85%Oct 9, 2015-0.81
TPZTORTOISE ELECTRIFICATION INFRASTRUCTURE ETF $128M0.85%Jul 29, 2009-0.79
NMLNeuberger Berman Energy Infrastructure and Income Fund Inc$671MN/AN/A-0.78
HDVISHARES CORE HIGH DIVIDEND ETF $14B0.08%Mar 29, 2011-0.78
QDIVGLOBAL X S&P 500 QUALITY DIVIDEND ETF $29M0.20%Jul 13, 2018-0.78
FTRIFIRST TRUST INDXX GLOBAL NATURAL RESOURCES INCOME ETF $122M0.70%Mar 11, 2010-0.77
AVIEAVANTIS INFLATION FOCUSED EQUITY ETF $10M0.25%Sep 27, 2022-0.77
SRVNXG Cushing Midstream Energy Fund$231MN/AN/A-0.77
EMOClearBridge Energy Midstream Opportunity Fund Inc$1.10BN/AN/A-0.76
EMLPFIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND $4.10B0.95%Jun 20, 2012-0.76
MAGAPOINT BRIDGE AMERICA FIRST ETF $31M0.72%Sep 6, 2017-0.76