Looking to balance out your exposure to DASH? The ETFs below have the lowest correlation with DASH — they tend to move on their own, which can help reduce risk when DASH drops. The stock ideas table highlights individual companies that behave independently from DASH.
Best Diversifiers for DASH
6 ETFs have low correlation with DASH (below 0.3), 1 of which are negatively correlated. The least correlated is Barclays ETN+ Select MLP ETN (ATMP) (MLPs) with a 1Y correlation of -0.14, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Barclays ETN+ Select MLP ETN | -0.14 | 0.09 | 0.16 | 66 | MLPs | DASH vs ATMP | |
| iShares 0-3 Month Treasury Bond ETF | 0.02 | 0.00 | 0.00 | 100 | Ultrashort Bond | DASH vs SGOV | |
| Global X Copper Miners ETF | 0.13 | 0.23 | 0.26 | 55 | Copper | DASH vs COPX | |
| Invesco International BuyBack Achievers™ ETF | 0.16 | 0.25 | 0.34 | 60 | Global Equities | DASH vs IPKW | |
| Vanguard International High Dividend Yield ETF | 0.18 | 0.27 | 0.32 | 83 | Dividend, Foreign Large Cap Equities | DASH vs VYMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DASH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DASH and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.07 | -0.01 | 82 | Consumer Defensive | |
| Targa Resources Corp. | -0.17 | 0.08 | 0.14 | 94 | Energy | |
| Diamondback Energy, Inc. | -0.16 | -0.01 | 0.08 | 80 | Energy | |
| Philip Morris International Inc. | -0.15 | -0.01 | 0.04 | 56 | Consumer Defensive | |
| Eni S.p.A. | -0.12 | 0.03 | 0.10 | 91 | Energy |
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