Looking to diversify beyond DGP? The ETFs below have the lowest correlation with DGP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DGP.
Best Diversifiers for DGP
1513 ETFs have low correlation with DGP (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, up from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.26 | -0.36 | 63 | Leveraged Currency | DGP vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.13 | — | — | 97 | Inflation-Protected Bonds | DGP vs RBIL | |
| TCW AAA CLO ETF | -0.12 | — | — | 99 | CLO | DGP vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | — | — | 99 | Ultrashort Bond | DGP vs CSHP | |
| First Trust Merger Arbitrage ETF | -0.10 | 0.02 | 0.02 | 59 | Long-Short | DGP vs MARB |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DGP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DGP and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of 0.05, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | 0.05 | 0.02 | 0.02 | 85 | Consumer Defensive | |
| Amazon.com, Inc | 0.12 | 0.08 | 0.07 | 54 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.18 | 0.12 | 0.10 | 93 | Technology | |
| Advanced Micro Devices, Inc. | 0.20 | 0.11 | 0.10 | 97 | Technology | |
| Gold Fields Limited | 0.70 | 0.66 | 0.65 | 63 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DGP
Add DGP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DGP