Looking to balance out your exposure to DIOD? The ETFs below have the lowest correlation with DIOD — they tend to move on their own, which can help reduce risk when DIOD drops. The stock ideas table highlights individual companies that behave independently from DIOD.
Best Diversifiers for DIOD
0 ETFs have low correlation with DIOD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.54, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.54 | 0.55 | 0.64 | 70 | S&P 500 | DIOD vs SPY | |
| Vanguard Total Stock Market ETF | 0.56 | 0.58 | 0.66 | 68 | Large Cap Blend Equities | DIOD vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DIOD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DIOD and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of 0.06, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.06 | 0.11 | 0.26 | 79 | Consumer Defensive | |
| Ichor Holdings, Ltd. | 0.57 | 0.60 | 0.65 | 93 | Technology | |
| Vicor Corporation | 0.59 | 0.56 | 0.59 | 99 | Technology | |
| Monolithic Power Systems, Inc. | 0.69 | 0.65 | 0.72 | 93 | Technology | |
| ON Semiconductor Corporation | 0.71 | 0.71 | 0.77 | 93 | Technology |
Build a portfolio that complements DIOD
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