Looking to balance out your exposure to DEO? The ETFs below have the lowest correlation with DEO — they tend to move on their own, which can help reduce risk when DEO drops. The stock ideas table highlights individual companies that behave independently from DEO.
Best Diversifiers for DEO
8 ETFs have low correlation with DEO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.06, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.06 | 0.17 | 0.30 | 59 | Nasdaq-100 | DEO vs QQQ | |
| iShares 0-3 Month Treasury Bond ETF | 0.09 | 0.04 | -0.02 | 100 | Ultrashort Bond | DEO vs SGOV | |
| State Street SPDR S&P 500 ETF | 0.16 | 0.27 | 0.39 | 60 | S&P 500 | DEO vs SPY | |
| Vanguard S&P 500 ETF | 0.17 | 0.28 | 0.39 | 60 | S&P 500 | DEO vs VOO | |
| Vanguard Total Stock Market ETF | 0.19 | 0.29 | 0.40 | 60 | Large Cap Blend Equities | DEO vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DEO and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.12, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.12 | 0.03 | 0.17 | 71 | Technology | |
| Core Natural Resources, Inc | -0.06 | 0.04 | 0.10 | 56 | Energy | |
| Suncor Energy Inc. | -0.05 | 0.09 | 0.14 | 84 | Energy | |
| Fortinet, Inc. | -0.05 | 0.04 | 0.18 | 67 | Technology | |
| Citigroup Inc. | -0.03 | 0.12 | 0.21 | 94 | Financial Services |
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Build a portfolio that complements DEO
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