Looking to diversify beyond DDNQ? The ETFs below have historically moved differently from DDNQ, 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 DDNQ
1 ETFs have low correlation with DDNQ (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin International Low Volatility High Dividend Index ETF (LVHI) (Dividend) with a 1Y correlation of 0.25, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | 0.25 | 0.25 | 0.25 | 97 | Dividend, Low Volatility | DDNQ vs LVHI | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 0.38 | 0.38 | 0.38 | 98 | Defined Outcome | DDNQ vs ZAPR | |
| iShares International Select Dividend ETF | 0.39 | 0.39 | 0.39 | 92 | Global Equities, Dividend | DDNQ vs IDV | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 0.59 | 0.59 | 0.59 | 98 | Defined Outcome | DDNQ vs XBAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 0.59 | 0.59 | 0.59 | 98 | S&P 500, Defined Outcome | DDNQ vs CPSP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DDNQ, 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 Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of 0.52, roughly unchanged from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | 0.52 | 0.52 | 0.52 | 94 | Technology |
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