Looking to balance out your exposure to D? The ETFs below have the lowest correlation with D — they tend to move on their own, which can help reduce risk when D drops. The stock ideas table highlights individual companies that behave independently from D.
Best Diversifiers for D
13 ETFs have low correlation with D (below 0.3), 6 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of -0.16, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | -0.16 | -0.05 | 0.05 | 60 | Nasdaq-100 | D vs QQQM | |
| NEOS Nasdaq-100 High Income ETF | -0.15 | — | — | 54 | Nasdaq-100, Derivative Income | D vs QQQI | |
| Invesco QQQ ETF | -0.15 | -0.05 | 0.05 | 59 | Nasdaq-100 | D vs QQQ | |
| Franklin FTSE Taiwan ETF | -0.08 | -0.00 | 0.02 | 94 | Asia Pacific Equities | D vs FLTW | |
| State Street SPDR S&P 500 ETF | -0.02 | 0.10 | 0.20 | 60 | S&P 500 | D vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from D, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to D and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.22, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.22 | -0.15 | -0.08 | 70 | Technology | |
| CrowdStrike Holdings, Inc. | -0.19 | -0.14 | -0.06 | 66 | Technology | |
| AppLovin Corporation | -0.16 | -0.07 | -0.02 | 58 | Communication Services | |
| Broadcom Inc. | -0.16 | -0.13 | -0.03 | 71 | Technology | |
| Celestica Inc. | -0.15 | -0.11 | -0.02 | 88 | Technology |
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