Looking to balance out your exposure to DCO? The ETFs below have the lowest correlation with DCO — they tend to move on their own, which can help reduce risk when DCO drops. The stock ideas table highlights individual companies that behave independently from DCO.
Best Diversifiers for DCO
0 ETFs have low correlation with DCO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.46, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.46 | 0.39 | 0.43 | 75 | Momentum, S&P 500 | DCO vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DCO and solid risk/return profiles. The least correlated is AXT, Inc. (AXTI) (Technology) with a 1Y correlation of 0.10, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXT, Inc. | 0.10 | 0.16 | 0.24 | 99 | Technology | |
| Opendoor Technologies Inc. | 0.17 | 0.24 | 0.27 | 96 | Real Estate | |
| Affirm Holdings, Inc. | 0.17 | 0.26 | 0.30 | 50 | Technology | |
| Oscar Health, Inc. | 0.18 | 0.21 | 0.27 | 59 | Healthcare | |
| Flywire Corporation | 0.18 | 0.25 | 0.29 | 69 | Technology |
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