Looking to balance out your exposure to DEA? The ETFs below have historically moved differently from DEA, 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 DEA
5 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 -0.01, 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 | -0.01 | 0.01 | -0.03 | 100 | Ultrashort Bond | DEA vs SGOV | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.03 | 0.16 | — | 60 | Nasdaq-100, Derivative Income | DEA vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.13 | 0.30 | 0.34 | 72 | S&P 500 | DEA vs SPY | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.14 | — | — | 79 | Derivative Income, S&P 500 | DEA vs GPIX | |
| Avantis International Equity ETF | 0.24 | 0.38 | 0.36 | 69 | Foreign Large Cap Equities | DEA vs AVDE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DEA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hercules Capital, Inc. | -0.11 | 0.02 | 0.05 | 72 | ||
| Broadcom Inc. | -0.05 | 0.07 | 0.12 | 69 | Technology | |
| Exxon Mobil Corporation | -0.03 | 0.12 | 0.16 | 85 | Energy | |
| Advanced Micro Devices, Inc. | -0.02 | 0.09 | 0.11 | 94 | Technology | |
| ASML Holding N.V. | 0.03 | 0.11 | 0.14 | 96 | Technology |
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