Looking to balance out your exposure to DINO? The ETFs below have historically moved differently from DINO, 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 DINO
22 ETFs have low correlation with DINO (below 0.3), 16 of which are negatively correlated. The least correlated is PGIM Ultra Short Bond ETF (PULS) (Ultrashort Bond) with a 1Y correlation of -0.14, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Ultra Short Bond ETF | -0.14 | -0.00 | -0.02 | 99 | Ultrashort Bond | DINO vs PULS | |
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year... | -0.12 | 0.07 | — | 80 | Emerging Markets Bonds | DINO vs XEMD | |
| Global X MSCI Greece ETF | -0.06 | 0.05 | 0.15 | 61 | Emerging Markets Equities | DINO vs GREK | |
| iShares MSCI Italy ETF | -0.06 | 0.10 | 0.22 | 78 | Europe Equities | DINO vs EWI | |
| State Street SPDR Portfolio S&P 500 Growth ETF | -0.05 | 0.10 | 0.18 | 53 | S&P 500, Large Cap Growth Equities | DINO vs SPYG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DINO, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.19, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.19 | -0.04 | -0.02 | 79 | Healthcare | |
| Novartis AG | -0.18 | -0.01 | 0.05 | 86 | Healthcare | |
| Howmet Aerospace Inc. | -0.17 | 0.04 | 0.20 | 89 | Industrials | |
| General Electric Company | -0.15 | 0.03 | 0.17 | 76 | Industrials | |
| Crocs, Inc. | -0.10 | 0.09 | 0.15 | 68 | Consumer Cyclical |
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