Looking to balance out your exposure to DAY? The ETFs below have the lowest correlation with DAY — they tend to move on their own, which can help reduce risk when DAY drops. The stock ideas table highlights individual companies that behave independently from DAY.
Best Diversifiers for DAY
1 ETFs have low correlation with DAY (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 0.20, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.20 | 0.44 | 0.57 | 66 | S&P 500 | DAY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DAY and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | 0.04 | 0.05 | 0.07 | 53 | Industrials | |
| GE Vernova Inc. | 0.04 | 0.20 | 0.20 | 87 | Industrials | |
| Huntington Ingalls Industries, Inc | 0.08 | 0.17 | 0.17 | 65 | Industrials | |
| Southwest Airlines Co. | 0.08 | 0.23 | 0.32 | 61 | Industrials | |
| Northrop Grumman Corporation | 0.09 | 0.08 | 0.08 | 54 | Industrials |
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