Looking to balance out your exposure to DG? The ETFs below have historically moved differently from DG, 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 DG
15 ETFs have low correlation with DG (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.12 | -0.03 | 0.01 | 71 | Commodities | DG vs DBC | |
| iMGP DBi Managed Futures Strategy ETF | 0.01 | 0.01 | -0.01 | 90 | Systematic Trend | DG vs DBMF | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.03 | 0.03 | 0.04 | 100 | Government Bonds, Ultrashort Bond | DG vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.09 | 0.06 | 0.06 | 100 | Government Bonds, Ultrashort Bond | DG vs SHV | |
| iShares 0-3 Month Treasury Bond ETF | 0.10 | 0.04 | 0.02 | 100 | Ultrashort Bond | DG 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 DG, 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 Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of -0.14, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | -0.14 | -0.06 | 0.02 | 98 | Technology | |
| Micron Technology, Inc. | -0.13 | -0.08 | 0.01 | 99 | Technology | |
| Diamondback Energy, Inc. | -0.10 | -0.06 | 0.01 | 79 | Energy | |
| Cheniere Energy, Inc. | -0.10 | -0.02 | 0.02 | 57 | Energy | |
| Western Digital Corporation | -0.09 | -0.04 | 0.06 | 99 | Technology |
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