Looking to balance out your exposure to DBSDY? The ETFs below have historically moved differently from DBSDY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DBSDY
4 ETFs have low correlation with DBSDY (below 0.3), 0 of which are negatively correlated. The least correlated is Alerian MLP ETF (AMLP) (MLPs) with a 1Y correlation of 0.04, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian MLP ETF | 0.04 | 0.15 | 0.22 | 67 | MLPs | DBSDY vs AMLP | |
| iShares Global Energy ETF | 0.07 | 0.16 | 0.22 | 81 | Energy Equities | DBSDY vs IXC | |
| iShares 0-5 Year TIPS Bond ETF | 0.16 | 0.10 | 0.09 | 89 | Inflation-Protected Bonds | DBSDY vs STIP | |
| FlexShares Morningstar Global Upstream Natural Res... | 0.30 | 0.36 | 0.39 | 79 | Natural Resources | DBSDY vs GUNR | |
| Xtrackers Artificial Intelligence and Big Data ETF | 0.32 | — | — | 69 | Artificial Intelligence, Technology Equities | DBSDY vs XAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DBSDY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.04, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.04 | 0.06 | 0.14 | 85 | Energy | |
| CVS Health Corporation | -0.04 | -0.01 | 0.08 | 93 | Healthcare | |
| Berkshire Hathaway Inc. Class A | -0.01 | 0.13 | 0.23 | 61 | Financial Services | |
| Kinder Morgan, Inc. | 0.03 | 0.12 | 0.19 | 69 | Energy | |
| The Cigna Group | 0.04 | 0.06 | 0.13 | 54 | Healthcare |
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