Looking to balance out your exposure to DIS? The ETFs below have historically moved differently from DIS, 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 DIS
142 ETFs have low correlation with DIS (below 0.3), 11 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.13, roughly unchanged from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.13 | -0.06 | -0.17 | 53 | Currency | DIS vs UUP | |
| Invesco DB Commodity Index Tracking Fund | -0.11 | -0.03 | 0.09 | 64 | Commodities | DIS vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.10 | -0.02 | 0.09 | 65 | Commodities | DIS vs PDBC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.04 | -0.03 | 100 | Government Bonds, Ultrashort Bond | DIS vs BIL | |
| Direxion Daily MU Bull 2X Shares | -0.04 | — | — | 98 | Leveraged Equities, Semiconductors | DIS vs MUU |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DIS, 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 Celestica Inc. (CLS) (Technology) with a 1Y correlation of -0.13, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | -0.13 | 0.07 | 0.21 | 82 | Technology | |
| Lumentum Holdings Inc. | -0.12 | 0.11 | 0.27 | 98 | Technology | |
| Vertiv Holdings Co. | -0.10 | 0.12 | 0.31 | 85 | Industrials | |
| Suncor Energy Inc. | -0.10 | 0.08 | 0.21 | 92 | Energy | |
| Credo Technology Group Holding Ltd | -0.09 | 0.08 | 0.20 | 73 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DIS
Add DIS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DIS