Looking to balance out your exposure to DIOD? The ETFs below have historically moved differently from DIOD, 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 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 0.59, roughly unchanged from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.59 | 0.57 | 0.64 | 78 | S&P 500 | DIOD vs SPY | |
| Vanguard Total Stock Market ETF | 0.60 | 0.59 | 0.66 | 78 | Large Cap Blend Equities | DIOD vs VTI | |
| Invesco QQQ ETF | 0.62 | 0.58 | 0.66 | 58 | Nasdaq-100 | DIOD vs QQQ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DIOD, 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 Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.01 | 0.10 | 0.24 | 92 | Consumer Defensive | |
| Balchem Corporation | 0.14 | 0.35 | 0.40 | 64 | Basic Materials | |
| The Middleby Corporation | 0.34 | 0.41 | 0.50 | 77 | Industrials | |
| Ichor Holdings, Ltd. | 0.59 | 0.61 | 0.66 | 95 | Technology | |
| Vicor Corporation | 0.61 | 0.56 | 0.59 | 97 | Technology |
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