Looking to balance out your exposure to DDOG? The ETFs below have historically moved differently from DDOG, 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 DDOG
9 ETFs have low correlation with DDOG (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.08, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.03 | -0.03 | 100 | Ultrashort Bond | DDOG vs SGOV | |
| Schwab U.S. Dividend Equity ETF | -0.05 | 0.13 | 0.25 | 95 | Dividend | DDOG vs SCHD | |
| Alerian MLP ETF | 0.03 | 0.14 | 0.19 | 67 | MLPs | DDOG vs AMLP | |
| Invesco Variable Rate Investment Grade ETF | 0.04 | 0.04 | 0.09 | 99 | Ultrashort Bond, Investment Grade Bonds | DDOG vs VRIG | |
| Vanguard Dividend Appreciation ETF | 0.16 | 0.30 | 0.39 | 79 | Dividend | DDOG vs VIG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DDOG, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.12 | -0.08 | 66 | Consumer Defensive | |
| Realty Income Corporation | -0.21 | -0.10 | 0.08 | 74 | Real Estate | |
| Walmart Inc. | -0.19 | 0.02 | 0.09 | 60 | Consumer Defensive | |
| Edison International | -0.18 | -0.04 | 0.05 | 87 | Utilities | |
| Johnson & Johnson | -0.17 | -0.17 | -0.09 | 96 | Healthcare |
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