Looking to balance out your exposure to DDS? The ETFs below have the lowest correlation with DDS — they tend to move on their own, which can help reduce risk when DDS drops. The stock ideas table highlights individual companies that behave independently from DDS.
Best Diversifiers for DDS
5 ETFs have low correlation with DDS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.00, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.00 | -0.01 | -0.04 | 100 | Ultrashort Bond | DDS vs SGOV | |
| State Street Technology Select Sector SPDR ETF | 0.17 | 0.24 | 0.35 | 66 | Technology Equities | DDS vs XLK | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.35 | 0.44 | 59 | S&P 500 | DDS vs SPY | |
| Vanguard S&P 500 ETF | 0.28 | 0.36 | 0.44 | 59 | S&P 500 | DDS vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.28 | 0.42 | 0.46 | 77 | Dividend | DDS vs SCHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DDS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DDS and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.15, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.15 | -0.07 | 0.07 | 55 | Financial Services | |
| uniQure N.V. | -0.02 | 0.12 | 0.17 | 84 | Healthcare | |
| Elbit Systems Ltd | 0.02 | 0.06 | 0.11 | 84 | Industrials | |
| Fortinet, Inc. | 0.03 | 0.15 | 0.23 | 68 | Technology | |
| Chubb Limited | 0.03 | 0.08 | 0.20 | 69 | Financial Services |
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Build a portfolio that complements DDS
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