Looking to balance out your exposure to DENN? The ETFs below have the lowest correlation with DENN — they tend to move on their own, which can help reduce risk when DENN drops. The stock ideas table highlights individual companies that behave independently from DENN.
Best Diversifiers for DENN
2 ETFs have low correlation with DENN (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.18, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.18 | 0.27 | 0.37 | 74 | S&P 500 | DENN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.18 | 0.27 | 0.37 | 74 | S&P 500 | DENN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DENN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DENN and solid risk/return profiles. The least correlated is Starbucks Corporation (SBUX) (Consumer Cyclical) with a 1Y correlation of 0.15, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Starbucks Corporation | 0.15 | 0.25 | 0.33 | 51 | Consumer Cyclical |
Build a portfolio that complements DENN
Add DENN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DENN