Looking to balance out your exposure to DGX? The ETFs below have the lowest correlation with DGX — they tend to move on their own, which can help reduce risk when DGX drops. The stock ideas table highlights individual companies that behave independently from DGX.
Best Diversifiers for DGX
4 ETFs have low correlation with DGX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.11, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.11 | 0.00 | 0.16 | 76 | Technology Equities | DGX vs VGT | |
| Invesco NASDAQ 100 ETF | -0.07 | 0.03 | 0.17 | 74 | Nasdaq-100 | DGX vs QQQM | |
| State Street SPDR S&P 500 ETF | 0.03 | 0.16 | 0.28 | 70 | S&P 500 | DGX vs SPY | |
| Vanguard S&P 500 ETF | 0.05 | 0.16 | 0.26 | 70 | S&P 500 | DGX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DGX and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.16, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.16 | -0.02 | 0.07 | 98 | Technology | |
| Amazon.com, Inc | -0.11 | -0.05 | 0.08 | 60 | Consumer Cyclical | |
| Exxon Mobil Corporation | -0.05 | 0.12 | 0.09 | 85 | Energy | |
| PureCycle Technologies, Inc. | -0.05 | 0.06 | 0.05 | 56 | Industrials | |
| Applied Materials, Inc. | -0.03 | 0.02 | 0.11 | 96 | Technology |
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