Looking to balance out your exposure to DAO? The ETFs below have the lowest correlation with DAO — they tend to move on their own, which can help reduce risk when DAO drops. The stock ideas table highlights individual companies that behave independently from DAO.
Best Diversifiers for DAO
1 ETFs have low correlation with DAO (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 0.21, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.21 | 0.21 | 0.26 | 70 | S&P 500 | DAO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DAO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DAO and solid risk/return profiles. The least correlated is AST SpaceMobile, Inc. (ASTS) (Communication Services) with a 1Y correlation of 0.06, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | 0.06 | 0.14 | 0.17 | 91 | Communication Services | |
| Eos Energy Enterprises Inc | 0.08 | 0.11 | 0.15 | 70 | Industrials | |
| Jabil Inc. | 0.12 | 0.12 | 0.18 | 92 | Technology | |
| Howmet Aerospace Inc. | 0.12 | 0.09 | 0.15 | 79 | Industrials | |
| Super Group (SGHC) Limited | 0.14 | 0.13 | 0.18 | 70 | Consumer Cyclical |
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