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
2011 ETFs have low correlation with DIG (below 0.3), 1489 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.30, down from -0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.30 | -0.14 | — | 99 | Ultrashort Bond | DIG vs BKUI | |
| Avantis Credit ETF | -0.30 | — | — | 50 | Global Bonds | DIG vs AVGB | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.29 | -0.11 | -0.13 | 64 | Municipal Bonds | DIG vs BSMW | |
| Vanguard Short Duration Bond ETF Shares | -0.26 | — | — | 83 | Short-Term Bond | DIG vs VSDB | |
| WisdomTree Yield Enhanced U.S. Short-Term Aggregat... | -0.26 | -0.09 | -0.09 | 58 | Short-Term Bond | DIG vs SHAG |
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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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.14, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.14 | 0.00 | 0.10 | 52 | Consumer Cyclical | |
| Alphabet Inc. Class A | -0.14 | 0.01 | 0.12 | 96 | Communication Services | |
| NVIDIA Corporation | -0.14 | -0.01 | 0.11 | 76 | Technology | |
| Apple Inc | -0.05 | 0.02 | 0.13 | 88 | Technology | |
| uniQure N.V. | -0.04 | 0.01 | 0.10 | 82 | Healthcare |
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Build a portfolio that complements DIG
Add DIG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DIG