Looking to diversify beyond DGRO? The ETFs below have the lowest correlation with DGRO — 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 DGRO.
Best Diversifiers for DGRO
333 ETFs have low correlation with DGRO (below 0.3), 23 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.09 | -0.05 | 63 | Leveraged Currency | DGRO vs YCS | |
| United States Gasoline Fund LP | -0.18 | -0.01 | 0.11 | 55 | Oil & Gas | DGRO vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.04 | -0.02 | 100 | Government Bonds, Ultrashort Bond | DGRO vs USFR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.15 | — | — | 97 | Inflation-Protected Bonds | DGRO vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | DGRO vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DGRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DGRO and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCO) (Financial Services) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.07 | 0.10 | — | 73 | Financial Services | |
| Petróleo Brasileiro S.A. - Petrobras | 0.07 | 0.21 | 0.21 | 75 | Energy | |
| Credo Technology Group Holding Ltd | 0.09 | 0.24 | 0.32 | 88 | Technology | |
| Energy Transfer LP | 0.09 | 0.32 | 0.38 | 72 | Energy | |
| Diamondback Energy, Inc. | 0.10 | 0.27 | 0.34 | 76 | Energy |
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