Looking to balance out your exposure to DDOG? The ETFs below have the lowest correlation with DDOG — they tend to move on their own, which can help reduce risk when DDOG drops. The stock ideas table highlights individual companies that behave independently from DDOG.
Best Diversifiers for DDOG
8 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.04 | -0.03 | 100 | Ultrashort Bond | DDOG vs SGOV | |
| Schwab U.S. Dividend Equity ETF | -0.02 | 0.15 | 0.25 | 83 | Dividend | DDOG vs SCHD | |
| Invesco Variable Rate Investment Grade ETF | 0.03 | 0.05 | 0.09 | 99 | Ultrashort Bond | DDOG vs VRIG | |
| Alerian MLP ETF | 0.04 | 0.15 | 0.20 | 53 | MLPs | DDOG vs AMLP | |
| Vanguard Dividend Appreciation ETF | 0.19 | 0.31 | 0.40 | 62 | Dividend | DDOG vs VIG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DDOG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DDOG and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.12 | -0.08 | 78 | Consumer Defensive | |
| Realty Income Corporation | -0.21 | -0.10 | 0.08 | 69 | Real Estate | |
| Walmart Inc. | -0.18 | 0.02 | 0.09 | 69 | Consumer Defensive | |
| Monster Beverage Corporation | -0.11 | 0.02 | 0.18 | 93 | Consumer Defensive | |
| Deere & Company | -0.10 | 0.08 | 0.15 | 62 | Industrials |
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