Looking to balance out your exposure to DGII? The ETFs below have the lowest correlation with DGII — they tend to move on their own, which can help reduce risk when DGII drops. The stock ideas table highlights individual companies that behave independently from DGII.
Best Diversifiers for DGII
1 ETFs have low correlation with DGII (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.29, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.29 | 0.41 | 0.46 | 80 | Dividend | DGII vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DGII, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DGII and solid risk/return profiles. The least correlated is Cardinal Health, Inc. (CAH) (Healthcare) with a 1Y correlation of 0.03, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cardinal Health, Inc. | 0.03 | 0.01 | 0.09 | 68 | Healthcare | |
| Halliburton Company | 0.06 | 0.22 | 0.26 | 94 | Energy | |
| Eli Lilly and Company | 0.08 | 0.08 | 0.11 | 72 | Healthcare | |
| Coca-Cola Consolidated, Inc. | 0.08 | 0.15 | 0.24 | 80 | Consumer Defensive | |
| Murphy USA Inc. | 0.09 | 0.11 | 0.16 | 62 | Consumer Cyclical |
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