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
16 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 | -0.09 | -0.04 | 100 | Government Bonds, Ultrashort Bond | DHR vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.01 | 0.04 | 0.05 | 100 | Government Bonds, Ultrashort Bond | DHR vs SHV | |
| iShares 0-5 Year TIPS Bond ETF | 0.09 | 0.08 | 0.11 | 85 | Inflation-Protected Bonds | DHR vs STIP | |
| iShares Expanded Tech Sector ETF | 0.11 | 0.22 | 0.39 | 61 | Technology Equities | DHR vs IGM | |
| Fidelity MSCI Information Technology Index ETF | 0.12 | 0.23 | 0.40 | 60 | Technology Equities | DHR vs FTEC |
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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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.06 | 0.06 | 0.18 | 69 | Consumer Defensive | |
| Suncor Energy Inc. | -0.06 | 0.02 | 0.09 | 85 | Energy | |
| Altria Group, Inc. | -0.05 | 0.07 | 0.12 | 72 | Consumer Defensive | |
| Duke Energy Corporation | -0.04 | 0.08 | 0.19 | 62 | Utilities | |
| Broadcom Inc. | -0.01 | 0.10 | 0.25 | 72 | Technology |
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