Looking to diversify beyond DGRO? The ETFs below have historically moved differently from DGRO, 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 DGRO
426 ETFs have low correlation with DGRO (below 0.3), 40 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.05 | 0.10 | 53 | Oil & Gas | DGRO vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.24 | — | — | 63 | Derivative Income | DGRO vs WNTR | |
| United States Gasoline Fund, LP | -0.21 | -0.04 | 0.09 | 74 | Oil & Gas | DGRO vs UGA | |
| ProShares UltraShort Yen | -0.20 | -0.10 | -0.06 | 59 | Leveraged Currency | DGRO vs YCS | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | 0.01 | 0.14 | 50 | Commodities | DGRO vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DGRO, 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 Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.04 | 0.01 | 0.20 | 56 | Financial Services | |
| Occidental Petroleum Corporation | 0.01 | 0.23 | 0.30 | 68 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.18 | 0.20 | 82 | Energy | |
| Credo Technology Group Holding Ltd | 0.03 | 0.21 | 0.29 | 76 | Technology | |
| Diamondback Energy, Inc. | 0.03 | 0.23 | 0.32 | 73 | Energy |
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