Looking to balance out your exposure to DINO? The ETFs below have the lowest correlation with DINO — they tend to move on their own, which can help reduce risk when DINO drops. The stock ideas table highlights individual companies that behave independently from DINO.
Best Diversifiers for DINO
11 ETFs have low correlation with DINO (below 0.3), 6 of which are negatively correlated. The least correlated is BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) (Emerging Markets Bonds) with a 1Y correlation of -0.10, down from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year... | -0.10 | 0.08 | — | 84 | Emerging Markets Bonds | DINO vs XEMD | |
| SPDR Portfolio High Yield Bond ETF | -0.05 | 0.16 | 0.20 | 68 | High Yield Bonds | DINO vs SPHY | |
| iShares 0-3 Month Treasury Bond ETF | -0.04 | 0.01 | -0.03 | 100 | Ultrashort Bond | DINO vs SGOV | |
| State Street SPDR S&P 500 ETF | -0.03 | 0.16 | 0.25 | 66 | S&P 500 | DINO vs SPY | |
| Vanguard S&P 500 ETF | -0.02 | 0.16 | 0.25 | 66 | S&P 500 | DINO vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DINO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DINO and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.19, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.19 | -0.04 | -0.01 | 80 | Healthcare | |
| Novartis AG | -0.16 | -0.02 | 0.06 | 82 | Healthcare | |
| General Electric Company | -0.14 | 0.03 | 0.18 | 78 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.10 | 0.04 | 0.13 | 92 | Technology | |
| Moderna, Inc. | -0.08 | 0.02 | 0.04 | 83 | Healthcare |
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