Looking to balance out your exposure to DAC? The ETFs below have the lowest correlation with DAC — they tend to move on their own, which can help reduce risk when DAC drops. The stock ideas table highlights individual companies that behave independently from DAC.
Best Diversifiers for DAC
7 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 -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | DAC vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.00 | -0.01 | -0.00 | 100 | Government Bonds, Ultrashort Bond | DAC vs SHV | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.11 | 0.21 | 0.23 | 74 | Commodities | DAC vs PDBC | |
| Pacific North of South Global Emerging Markets Equ... | 0.26 | — | — | 93 | Emerging Markets Equities | DAC vs GEME | |
| Vanguard S&P 500 ETF | 0.27 | 0.26 | 0.33 | 70 | S&P 500 | DAC vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DAC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DAC and solid risk/return profiles. The least correlated is Inventrust Properties Corp (IVT) (Real Estate) with a 1Y correlation of -0.01, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Inventrust Properties Corp | -0.01 | 0.07 | 0.13 | 76 | Real Estate | |
| Eli Lilly and Company | 0.01 | 0.07 | 0.05 | 72 | Healthcare | |
| Ormat Technologies, Inc. | 0.03 | 0.14 | 0.21 | 92 | Utilities | |
| Dillard's, Inc. | 0.04 | 0.18 | 0.23 | 78 | Consumer Cyclical | |
| Cboe Global Markets, Inc. | 0.06 | -0.03 | 0.05 | 68 | Financial Services |
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