Looking to balance out your exposure to DHIL? The ETFs below have historically moved differently from DHIL, 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 DHIL
2 ETFs have low correlation with DHIL (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.22, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.22 | 0.36 | 0.43 | 67 | S&P 500 | DHIL vs SPY | |
| Vanguard S&P 500 ETF | 0.22 | 0.36 | 0.43 | 68 | S&P 500 | DHIL vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DHIL, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.10 | 0.16 | 66 | Consumer Defensive | |
| Molina Healthcare, Inc. | 0.05 | 0.12 | 0.17 | 59 | Healthcare | |
| United Therapeutics Corporation | 0.06 | 0.17 | 0.21 | 95 | Healthcare | |
| Chubb Limited | 0.08 | 0.20 | 0.27 | 89 | Financial Services | |
| Silicon Motion Technology Corporation | 0.10 | 0.15 | 0.20 | 97 | Technology |
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