Looking to balance out your exposure to DE? The ETFs below have the lowest correlation with DE — they tend to move on their own, which can help reduce risk when DE drops. The stock ideas table highlights individual companies that behave independently from DE.
Best Diversifiers for DE
196 ETFs have low correlation with DE (below 0.3), 11 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.20, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.20 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | DE vs USFR | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.15 | — | — | 100 | Ultrashort Bond | DE vs VBIL | |
| iShares Treasury Floating Rate Bond ETF | -0.11 | -0.06 | -0.05 | 100 | Government Bonds, Ultrashort Bond | DE vs TFLO | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.02 | -0.04 | 100 | Ultrashort Bond | DE vs SGOV | |
| Vanguard Ultra-Short Treasury ETF | -0.05 | -0.06 | -0.06 | 100 | Ultrashort Bond, Government Bonds | DE vs VGUS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DE and solid risk/return profiles. The least correlated is Datadog, Inc. (DDOG) (Technology) with a 1Y correlation of -0.10, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Datadog, Inc. | -0.10 | 0.08 | 0.15 | 80 | Technology | |
| Cboe Global Markets, Inc. | -0.08 | -0.02 | 0.08 | 60 | Financial Services | |
| Adecoagro S.A. | -0.03 | 0.10 | 0.24 | 50 | Consumer Defensive | |
| Palo Alto Networks, Inc. | -0.03 | 0.06 | 0.15 | 85 | Technology | |
| Amazon.com, Inc | -0.02 | 0.10 | 0.20 | 56 | Consumer Cyclical |
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Build a portfolio that complements DE
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