Looking to balance out your exposure to DAN? The ETFs below have the lowest correlation with DAN — they tend to move on their own, which can help reduce risk when DAN drops. The stock ideas table highlights individual companies that behave independently from DAN.
Best Diversifiers for DAN
0 ETFs have low correlation with DAN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.45, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.45 | 0.49 | 0.56 | 65 | S&P 500 | DAN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DAN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DAN and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of 0.01, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | 0.01 | 0.24 | 0.33 | 76 | Energy | |
| STAG Industrial, Inc. | 0.20 | 0.37 | 0.39 | 77 | Real Estate | |
| Viking Holdings Ltd | 0.34 | — | — | 90 | Consumer Cyclical | |
| Modine Manufacturing Company | 0.41 | 0.42 | 0.51 | 91 | Consumer Cyclical | |
| General Motors Company | 0.43 | 0.47 | 0.58 | 83 | Consumer Cyclical |
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