Looking to balance out your exposure to DHC? The ETFs below have the lowest correlation with DHC — they tend to move on their own, which can help reduce risk when DHC drops. The stock ideas table highlights individual companies that behave independently from DHC.
Best Diversifiers for DHC
3 ETFs have low correlation with DHC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.15, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.15 | 0.21 | 0.29 | 59 | Nasdaq-100 | DHC vs QQQ | |
| Vanguard S&P 500 ETF | 0.23 | 0.29 | 0.36 | 60 | S&P 500 | DHC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.28 | 0.36 | 60 | S&P 500 | DHC vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.31 | 0.35 | 0.40 | 77 | Dividend | DHC vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DHC and solid risk/return profiles. The least correlated is Cardinal Health, Inc. (CAH) (Healthcare) with a 1Y correlation of 0.11, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cardinal Health, Inc. | 0.11 | 0.04 | 0.13 | 81 | Healthcare | |
| Apple Inc | 0.13 | 0.16 | 0.24 | 88 | Technology | |
| Pfizer Inc. | 0.23 | 0.21 | 0.17 | 50 | Healthcare | |
| Mueller Water Products, Inc. | 0.29 | 0.31 | 0.34 | 54 | Industrials | |
| CBL & Associates Properties, Inc. | 0.33 | 0.36 | — | 97 |
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