Looking to balance out your exposure to DAC? The ETFs below have historically moved differently from DAC, 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 DAC
4 ETFs have low correlation with DAC (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | DAC vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.08 | -0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | DAC vs SHV | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.07 | 0.21 | 0.22 | 70 | Commodities | DAC vs PDBC | |
| Direxion Daily GOOGL Bull 2X Shares | 0.30 | 0.18 | — | 94 | Leveraged Equities | DAC vs GGLL | |
| Vanguard S&P 500 ETF | 0.33 | 0.25 | 0.33 | 78 | S&P 500 | DAC vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DAC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Inventrust Properties Corp (IVT) (Real Estate) with a 1Y correlation of -0.03, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Inventrust Properties Corp | -0.03 | 0.04 | 0.13 | 90 | Real Estate | |
| Eli Lilly and Company | -0.02 | 0.06 | 0.05 | 79 | Healthcare | |
| Dillard's, Inc. | 0.05 | 0.15 | 0.22 | 70 | Consumer Cyclical | |
| British American Tobacco p.l.c. | 0.07 | 0.08 | 0.14 | 64 | Consumer Defensive | |
| Cboe Global Markets, Inc. | 0.07 | -0.01 | 0.05 | 62 | Financial Services |
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