Looking to balance out your exposure to DG? The ETFs below have the lowest correlation with DG — they tend to move on their own, which can help reduce risk when DG drops. The stock ideas table highlights individual companies that behave independently from DG.
Best Diversifiers for DG
12 ETFs have low correlation with DG (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.02 | 0.03 | 0.02 | 100 | Government Bonds, Ultrashort Bond | DG vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | 0.05 | 0.03 | -0.01 | 100 | Ultrashort Bond | DG vs SGOV | |
| iMGP DBi Managed Futures Strategy ETF | 0.07 | 0.04 | 0.00 | 83 | Systematic Trend | DG vs DBMF | |
| iShares 0-1 Year Treasury Bond ETF | 0.08 | 0.06 | 0.04 | 100 | Government Bonds, Ultrashort Bond | DG vs SHV | |
| Invesco QQQ ETF | 0.12 | 0.03 | 0.14 | 73 | Nasdaq-100 | DG vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DG and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of -0.10, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | -0.10 | -0.02 | 0.05 | 99 | Technology | |
| Diamondback Energy, Inc. | -0.08 | -0.04 | 0.01 | 82 | Energy | |
| Micron Technology, Inc. | -0.08 | -0.05 | 0.03 | 99 | Technology | |
| NVIDIA Corporation | -0.07 | -0.09 | 0.02 | 78 | Technology | |
| Coterra Energy Inc. | -0.06 | -0.02 | 0.04 | 79 | Energy |
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