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
414 ETFs have low correlation with DGRO (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.07 | -0.05 | 61 | Leveraged Currency | DGRO vs YCS | |
| Invesco DB Energy Fund | -0.20 | 0.00 | 0.13 | 71 | Oil & Gas | DGRO vs DBE | |
| United States Oil Fund LP | -0.19 | 0.01 | 0.11 | 66 | Oil & Gas | DGRO vs USO | |
| United States Brent Oil Fund LP | -0.19 | -0.00 | 0.11 | 65 | Oil & Gas | DGRO vs BNO | |
| United States 12 Month Oil Fund LP | -0.18 | 0.02 | 0.13 | 56 | Oil & Gas | DGRO vs USL |
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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 0.06, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.06 | 0.10 | — | 80 | Financial Services | |
| Petróleo Brasileiro S.A. - Petrobras | 0.07 | 0.21 | 0.21 | 86 | Energy | |
| Altria Group, Inc. | 0.08 | 0.29 | 0.36 | 69 | Consumer Defensive | |
| BP p.l.c. | 0.10 | 0.25 | 0.32 | 87 | Energy | |
| Credo Technology Group Holding Ltd | 0.11 | 0.25 | 0.32 | 85 | Technology |
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Build a portfolio that complements DGRO
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