Looking to balance out your exposure to DANOY? The ETFs below have the lowest correlation with DANOY — they tend to move on their own, which can help reduce risk when DANOY drops. The stock ideas table highlights individual companies that behave independently from DANOY.
Best Diversifiers for DANOY
2 ETFs have low correlation with DANOY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.03 | 0.13 | 0.23 | 63 | S&P 500 | DANOY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.03 | 0.13 | 0.23 | 63 | S&P 500 | DANOY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DANOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DANOY and solid risk/return profiles. The least correlated is RTX Corporation (RTX) (Industrials) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RTX Corporation | 0.01 | 0.07 | 0.15 | 77 | Industrials | |
| PepsiCo, Inc. | 0.26 | 0.30 | 0.32 | 61 | Consumer Defensive | |
| The Coca-Cola Company | 0.26 | 0.32 | 0.36 | 76 | Consumer Defensive | |
| Japan Tobacco ADR | 0.27 | 0.26 | 0.24 | 78 | Consumer Defensive | |
| Johnson & Johnson | 0.28 | 0.26 | 0.26 | 97 | Healthcare |
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