Looking to balance out your exposure to DEO? The ETFs below have historically moved differently from DEO, 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 DEO
13 ETFs have low correlation with DEO (below 0.3), 3 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.13, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.13 | 0.06 | 0.23 | 60 | Technology Equities | DEO vs XLK | |
| iShares Semiconductor ETF | -0.07 | 0.07 | 0.22 | 89 | Semiconductors, Technology Equities | DEO vs SOXX | |
| Invesco QQQ ETF | -0.03 | 0.12 | 0.28 | 54 | Nasdaq-100 | DEO vs QQQ | |
| Vanguard S&P 500 ETF | 0.10 | 0.25 | 0.38 | 72 | S&P 500 | DEO vs VOO | |
| iShares 0-3 Month Treasury Bond ETF | 0.10 | 0.05 | -0.01 | 100 | Ultrashort Bond | DEO vs SGOV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DEO, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.13, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.13 | -0.01 | 0.15 | 63 | Technology | |
| Broadcom Inc. | -0.13 | -0.00 | 0.15 | 70 | Technology | |
| Citigroup Inc. | -0.09 | 0.09 | 0.18 | 87 | Financial Services | |
| Suncor Energy Inc. | -0.09 | 0.08 | 0.13 | 91 | Energy | |
| Fortinet, Inc. | -0.08 | 0.01 | 0.16 | 83 | Technology |
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