Looking to balance out your exposure to DHR? The ETFs below have the lowest correlation with DHR — they tend to move on their own, which can help reduce risk when DHR drops. The stock ideas table highlights individual companies that behave independently from DHR.
Best Diversifiers for DHR
15 ETFs have low correlation with DHR (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.15, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.15 | -0.08 | -0.04 | 100 | Government Bonds, Ultrashort Bond | DHR vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.01 | 0.05 | 0.04 | 100 | Government Bonds, Ultrashort Bond | DHR vs SHV | |
| State Street Energy Select Sector SPDR ETF | 0.05 | 0.13 | 0.14 | 63 | Energy Equities | DHR vs XLE | |
| iShares 0-5 Year TIPS Bond ETF | 0.06 | 0.08 | 0.11 | 93 | Inflation-Protected Bonds | DHR vs STIP | |
| Fidelity MSCI Information Technology Index ETF | 0.16 | 0.24 | 0.41 | 77 | Technology Equities | DHR vs FTEC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DHR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DHR and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.07 | 0.12 | 69 | Consumer Defensive | |
| Walmart Inc. | -0.07 | 0.06 | 0.18 | 63 | Consumer Defensive | |
| Suncor Energy Inc. | -0.03 | 0.04 | 0.09 | 95 | Energy | |
| Monster Beverage Corporation | 0.02 | 0.18 | 0.28 | 79 | Consumer Defensive | |
| Broadcom Inc. | 0.03 | 0.12 | 0.26 | 84 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DHR
Add DHR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DHR