Looking to balance out your exposure to DECK? The ETFs below have historically moved differently from DECK, 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 DECK
4 ETFs have low correlation with DECK (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 -0.01 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 | -0.02 | -0.01 | 100 | Ultrashort Bond | DECK vs SGOV | |
| ProShares Ultra Semiconductors | 0.04 | 0.28 | 0.40 | 52 | Leveraged Equities, Semiconductors | DECK vs USD | |
| State Street Technology Select Sector SPDR ETF | 0.11 | 0.34 | 0.44 | 55 | Technology Equities | DECK vs XLK | |
| Invesco Ultra Short Duration ETF | 0.20 | 0.08 | 0.06 | 99 | Ultrashort Bond | DECK vs GSY | |
| Vanguard FTSE Emerging Markets ETF | 0.30 | 0.30 | 0.38 | 51 | Emerging Markets Equities | DECK vs VWO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DECK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.17, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.17 | -0.18 | -0.00 | 69 | Financial Services | |
| Cheniere Energy, Inc. | -0.14 | -0.03 | 0.08 | 57 | Energy | |
| Murphy USA Inc. | -0.07 | 0.06 | 0.13 | 89 | Consumer Cyclical | |
| Diamondback Energy, Inc. | -0.06 | 0.06 | 0.13 | 79 | Energy | |
| EOG Resources, Inc. | -0.06 | 0.01 | 0.07 | 72 | Energy |
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