Looking to diversify beyond DIG? The ETFs below have the lowest correlation with DIG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DIG.
Best Diversifiers for DIG
1962 ETFs have low correlation with DIG (below 0.3), 1491 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.32 | — | — | 54 | Global Bonds | DIG vs AVGB | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.30 | -0.10 | -0.07 | 84 | Municipal Bonds | DIG vs RVNU | |
| BNY Mellon Ultra Short Income ETF | -0.29 | -0.16 | — | 99 | Ultrashort Bond | DIG vs BKUI | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.28 | -0.11 | — | 71 | Municipal Bonds | DIG vs BSMW | |
| AB Short Duration Income ETF | -0.28 | — | — | 82 | Short-Term Bond | DIG vs SDFI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DIG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DIG and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of -0.17, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | -0.17 | 0.00 | 0.11 | 96 | Communication Services | |
| Amazon.com, Inc | -0.16 | -0.01 | 0.10 | 55 | Consumer Cyclical | |
| NVIDIA Corporation | -0.13 | -0.01 | 0.12 | 69 | Technology | |
| Apple Inc | -0.10 | 0.03 | 0.14 | 90 | Technology | |
| Tesla, Inc. | -0.05 | 0.07 | 0.12 | 66 | Consumer Cyclical |
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