Looking to balance out your exposure to DHI? The ETFs below have the lowest correlation with DHI — they tend to move on their own, which can help reduce risk when DHI drops. The stock ideas table highlights individual companies that behave independently from DHI.
Best Diversifiers for DHI
16 ETFs have low correlation with DHI (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.03, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.03 | 0.17 | 0.32 | 84 | Leveraged Equities, Semiconductors | DHI vs USD | |
| ProShares Ultra Technology | 0.08 | 0.24 | 0.37 | 65 | Leveraged Equities | DHI vs ROM | |
| State Street Technology Select Sector SPDR ETF | 0.08 | 0.24 | 0.38 | 69 | Technology Equities | DHI vs XLK | |
| Vanguard Information Technology ETF | 0.09 | 0.25 | 0.39 | 60 | Technology Equities | DHI vs VGT | |
| iShares Expanded Tech Sector ETF | 0.09 | 0.25 | 0.39 | 64 | Technology Equities | DHI vs IGM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DHI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DHI and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.14, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.14 | 0.10 | 0.26 | 66 | Technology | |
| Exxon Mobil Corporation | -0.06 | 0.08 | 0.11 | 75 | Energy | |
| Palo Alto Networks, Inc. | -0.05 | 0.07 | 0.17 | 71 | Technology | |
| EOG Resources, Inc. | -0.05 | 0.06 | 0.08 | 59 | Energy | |
| ConocoPhillips Company | -0.05 | 0.09 | 0.10 | 66 | Energy |
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