Looking to balance out your exposure to DECK? The ETFs below have the lowest correlation with DECK — they tend to move on their own, which can help reduce risk when DECK drops. The stock ideas table highlights individual companies that behave independently from DECK.
Best Diversifiers for DECK
6 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 -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.01 | -0.03 | -0.02 | 100 | Ultrashort Bond | DECK vs SGOV | |
| ProShares Ultra Semiconductors | 0.07 | 0.29 | 0.42 | 78 | Leveraged Equities, Semiconductors | DECK vs USD | |
| State Street Technology Select Sector SPDR ETF | 0.14 | 0.35 | 0.45 | 68 | Technology Equities | DECK vs XLK | |
| Invesco Ultra Short Duration ETF | 0.18 | 0.07 | 0.06 | 99 | Ultrashort Bond | DECK vs GSY | |
| Invesco NASDAQ 100 ETF | 0.21 | 0.40 | 0.49 | 64 | Nasdaq-100 | DECK vs QQQM |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DECK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DECK and solid risk/return profiles. 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.17 | -0.18 | -0.00 | 59 | Financial Services | |
| Cheniere Energy, Inc. | -0.14 | -0.02 | 0.08 | 56 | Energy | |
| Murphy USA Inc. | -0.07 | 0.06 | 0.14 | 74 | Consumer Cyclical | |
| EOG Resources, Inc. | -0.06 | 0.02 | 0.07 | 60 | Energy | |
| Exxon Mobil Corporation | -0.04 | 0.01 | 0.09 | 71 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DECK
Add DECK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DECK