Looking to balance out your exposure to DEA? The ETFs below have the lowest correlation with DEA — they tend to move on their own, which can help reduce risk when DEA drops. The stock ideas table highlights individual companies that behave independently from DEA.
Best Diversifiers for DEA
4 ETFs have low correlation with DEA (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.05, 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 | -0.05 | -0.00 | -0.04 | 100 | Ultrashort Bond | DEA vs SGOV | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.08 | 0.17 | — | 74 | Nasdaq-100, Derivative Income | DEA vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.19 | 0.32 | 0.36 | 70 | S&P 500 | DEA vs SPY | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.19 | — | — | 75 | Derivative Income, S&P 500 | DEA vs GPIX | |
| Avantis International Equity ETF | 0.30 | 0.39 | 0.37 | 54 | Foreign Large Cap Equities | DEA vs AVDE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DEA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DEA and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hercules Capital, Inc. | -0.13 | 0.03 | 0.05 | 70 | ||
| Oracle Corporation | -0.06 | 0.10 | 0.16 | 58 | Technology | |
| Broadcom Inc. | 0.02 | 0.10 | 0.15 | 84 | Technology | |
| Advanced Micro Devices, Inc. | 0.03 | 0.10 | 0.12 | 98 | Technology | |
| Altria Group, Inc. | 0.04 | 0.20 | 0.27 | 69 | Consumer Defensive |
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Build a portfolio that complements DEA
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