Looking to balance out your exposure to DASTY? The ETFs below have the lowest correlation with DASTY — they tend to move on their own, which can help reduce risk when DASTY drops. The stock ideas table highlights individual companies that behave independently from DASTY.
Best Diversifiers for DASTY
1 ETFs have low correlation with DASTY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.26, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.26 | 0.38 | 0.50 | 76 | Technology Equities | DASTY vs IYW | |
| Vanguard S&P 500 ETF | 0.32 | 0.40 | 0.50 | 74 | S&P 500 | DASTY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DASTY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DASTY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.09, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.09 | -0.02 | 0.01 | 73 | Consumer Defensive | |
| British American Tobacco p.l.c. | -0.05 | 0.07 | 0.09 | 77 | Consumer Defensive | |
| EMCOR Group, Inc. | -0.02 | 0.17 | 0.23 | 84 | Industrials | |
| Johnson & Johnson | 0.05 | 0.02 | 0.12 | 94 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.09 | 0.27 | 0.34 | 95 | Technology |
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