Looking to diversify beyond DIG? The ETFs below have historically moved differently from DIG, 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 DIG
2101 ETFs have low correlation with DIG (below 0.3), 1575 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.32 | — | — | 76 | Municipal Bonds | DIG vs FMUB | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.31 | -0.11 | -0.07 | 77 | Municipal Bonds | DIG vs RVNU | |
| BNY Mellon Ultra Short Income ETF | -0.31 | -0.17 | — | 99 | Ultrashort Bond | DIG vs BKUI | |
| AB Short Duration Income ETF | -0.30 | — | — | 87 | Short-Term Bond | DIG vs SDFI | |
| MFS Active Intermediate Muni Bond ETF | -0.29 | -0.17 | -0.17 | 73 | Municipal Bonds | DIG vs MFSM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DIG, 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 Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of -0.19, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | -0.19 | -0.01 | 0.10 | 95 | Communication Services | |
| Amazon.com, Inc | -0.17 | -0.01 | 0.09 | 60 | Consumer Cyclical | |
| NVIDIA Corporation | -0.14 | -0.01 | 0.11 | 56 | Technology | |
| Apple Inc | -0.12 | 0.02 | 0.14 | 89 | Technology | |
| uniQure N.V. | -0.03 | 0.02 | 0.09 | 84 | Healthcare |
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